Excess Area
(4) Modification and removal of 20 Years Restrictions:
Modifications
Removal of 20 Years Restrictions
(5) 75-Year Non-renewable Leases
Regrants
New
Hong Kong Kowloon (including Kwun Tong) Kowloon Total No. of cases 8 1 8 2 537 5 3 7 14 1320 13 20 65 5 13 13 17 36 8 3 59 62129. Kwun Tong. A further 48 Kwun Tong Inland Lots were sold by public auction and private treaty during this year.
130. Details of the lots sold to date at Kwun Tong New Town are as follows:
No. of Lots Sold Description Area in sq. ft. Amount of Premium realized to date During 1960-61 To date 105 24 Industrial (including excess and extension area) 2,270,624 $47,861,832.41 2 Flatted Factory 55,148 578,488.03 1 Filling Station 4,000 48,000.00 5 6 Godowns 93,795 4,321,000.00 2 Residential 32,070 1,107,800.00 11 11 Residential and Commercial 72,854 2,805,500.00 3 3 Non-industrial 24,750 2,042,000.00 1 Commercial 7,800 124,800.00 7 3 Workers Housing 91,475 706,400.00 1 Low Cost Housing 195,000 199,000.00 3 Electric Power Sub-stations 12,400 148,800.00 Modification of Sale Conditions 1,184,259.00 145 48 2,859,916 $61,127,879.44Note:
Purchasers of all factory and godown lots opted to pay premia by instalments.
Total premium received 1956-57 $ 455,934.00 Total premium received 1957-58 2,511,791.64 Total premium received 1958-59 1,806,719.22 Total premium received 1959-60 2,709,697.07 Total premium received 1960-61 12,920,757.63 Total amount received $20,404,899.5629