CONFIDENTIAL # 2
For discussion
on 18th October 1977
機密
ANNEX A TO XCC(78)86
XCC(77)78 Copy No.. Page 1 of 5
MEMORANDUM FOR EXECUTIVE COUNCIL
DEVELOPMENT OF AN INDUSTRIAL ESTATE AT YUEN LONG
of 80
Introduction
Previous memoranda considered by Honourable Members have dealt with the concept of industrial estates, the legislation for and administration of industrial estates and the establishment of the industrial estate at Tai Po. This memorandum reports progress at Tai Po and proposes the establishment of a second estate at Yuen Long. It further seeks agreement in principle to the submission of proposals to resume private lands affected by it and to make a grant of land by private treaty to the Hong Kong Industrial Estates Corporation,
Development of Tai Po Industrial Estate
2
Progress on reclamation and site formation work at Tai Po is satisfactory, and some aspects of the work are slightly ahead of schedule. Some 8 hectares of land are now available for allocation to 'sub-lessees, with a further 7 hectares likely to be available by the end
of 1977. When development of Stage II of the Tai Po Industrial Estate is completed in 1980, a total of approximately 45 hectares of industrial land will have been provided.
A
Demand for Sites
3
The Industrial Estates Corporation at 3rd September 1977 had received 77 applications for sites at Tai Po. It has rejected 21 and has rated 26 as having low priority assessed against the selection criteria (set out at Annex A). Some 11 applicants have withdrawn their applications, seven because they realised that their proposals did not meet the selection criteria and four because they thought the lease conditions were too restrictive. Ten applicants are currently being offered sites with the remaining 9 still under consideration. The 10 successful applications would take up 4. 9 hectares (527,000 square feet), and the 9 under consideration would take up 4.7 hectares (508, 000 square feet).
C.S. 166
4
Although the majority of applications so far have been unsuccessful, the Corporation believes that this reflects the speculative nature of some of the initial applications, and that once the criteria that the Corporation has adopted become more widely known, more applications
CONFIDENTIAL
機密