2
Arca
Value
To
(Acre)
(9 p.s.f
•
(a) Town Centre (C/k)
5.5
650
196
흐흐트
(b) Town Centre (Mass Transit) 33.0
**
260
(c)
Residential (Group A)
34.5
600
902
(d) Residential (Group B)
32.5
70
99
(e) Industrial
120.0
400
2,091
3,503
**Value in this case is negotiated with the Mass
Transit Corporation.
3.
Total sales value deferred 5 years at 7% per
annum (assuming all land disposed of in 10 years).
$3,508 million
X 0.7129
$2,501 million
4.
The total development cost is estimated to
be $1,980 million.
5.
Total development cost deferred 5 years at
7% p.a. (assuming development time of 10 years)
$1,880 million
x 0.7129
$1,340 million
6.
The total contribution of land to the
development is therefore -
$2,501 million
$1,340 million $1,161 million
17.