1887-1903
COLONIAL REPORTS--ANNUAL.
15
21-26 acres of land were surveyed in connection with the issue of leases and re-adjustment of boundaries; 5.61 acres were surveyed in connection with land sales; 2.37 acres in connection with extensions, and 1.37 acres in connection with grants on short leases.
The sales of Crown land were considerably short of the estimate for the year, owing to the few applications for land in the Taipingshan resumed area. Only five lots were sold, at prices varying from $4.13 to $2.00 a foot. Elsewhere there was considerable demand for land, and prices went up considerably. The price of building lots between Kennedy Road and Bowen Road went up from 6 to 12 cents a foot, and in one case even 25 cents a foot was paid. In Kowloon there was also considerable demand, and as much as 80 cents a foot was realised for lots in Yaumati.
A considerable area of land at Causeway Bay has been reserved for the purpose of a public recreation ground; whilst in Kowloon, a hill known as the Hill of the Emperor of the Sung Dynasty, which has some Chinese historical associations, has also been reserved.
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