Committee
Industrial Sites Co-ordination
Committee
Port Works Liaison Committee
Roads Committee
Traffic Management, Road and
Parking Sub-Committee of the Transport Advisory Committee
Castle Peak and Sha Tin Works and
Management Co-ordination Committees (4)
Six Colony Outline Planning
Working Committees
Representative
Government Land Agent Chief Planning Officer
Principal Government Land Agent Chief Planning Officer
Government Town Planner
Senior Planning Officer (New
Territories)
Government Town Planner
Senior Planning Officer (Colony Outline
Planning Division)
Resettlement Programme Committee Senior Planning Officer (New
Government Low Cost Housing
Programme Committee Working Party on Questions for
1970 Census of buildings and establishments and 1971 Census of Population
Standing Committee on Road Use
Territories)
Senior Planning Officer (New
Territories)
Senior Planning Officer (Colony Outline
Planning Division)
Chief Planning Officer
LAND BRANCH
Government Land Agent:
I. L. STANTON, F.R.I.C.S.
J. P. POTTER, A.R.I.C.S., A.A.I. (Acting)
General
7.04. The year saw a complete revival of the property market which had been depressed since 1965. There was considerable demand for land suitable for development for industrial, residential and commercial purposes which resulted in land values returning to the level of the previous highs realized prior to 1965. The highlight of the year was the sale by auction of a lot in the heart of the Kowloon Peninsula, suitable for hotel development, which attracted international attention. In view of the high value of the lot new terms were introduced which permitted payment of the sale price by instalments, free of interest, over ten years. With the benefit of these terms, the lot was sold by public auction on 28th November, 1969 for $130 million—approximately $2,661 per sq. ft.
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