SATURDAY, FEBRUARY 21, 1976
MR. POPE SAID INDUSTRIAL LAND WAS AT PRESENT SELLING FOR ABOUT $50 PER SQ. FT. LOWER THAN THE PRICES BEING PAID FOR SIMILAR LAND IN SHA TIN AND TSUEN WAN NEW TOWNS. PURCHASERS ARE GIVEN 10 YEARS TO PAY WITH INTEREST AT 5 PER CENT.
AT PRESENT, FIVE FACTORIES ARE OPERATING ON THE INDUSTRIAL AREA, EIGHT ARE BEING CONSTRUCTED AND A FURTHER EIGHT COMPANIES HAVE SUBMITTED FACTORY PLANS. ELEVEN SITES TOTALLING MORE THAN 160,000 SQ. FT. REMAIN TO BE SOLD.
MR. POPE EMPHASISED THAT ANYONE CONSIDERING SETTING UP AN INDUSTRIAL PLANT IN TUEN MUN WOULD BE WELL ADVISED NOT TO DELAY TOO LONG IN VIEW OF THE CLOSENESS OF THE DATES FOR COMPLETION OF THE TAI HING ESTATE AND THE HIGHWAY LINKING TSUEN WAN AND TUEN MUN.
TUEN MUN NEW TOWN WILL EVENTUALLY HOUSE CLOSE TO HALF A MILLION PEOPLE. THE SALE OF SITES IN THE INDUSTRIAL AREA BEGAN IN 1970 WHEN SEVEN WERE SOLD. BETWEEN 1971 AND 1974, 28 SITES WERE AUCTIONED. THERE WERE NO SALES IN 1975.
+LAST YEAR WAS VIRTUALLY A DEAD YEAR FOR TUEN MUN,+ MR. POPE SAID, +BUT THE PROSPECTS FOR 1976 ARE LOOKING VERY MUCH BETTER.+ HE SAID THE FIRST AUCTION OF INDUSTRIAL LAND DURING THE YEAR WAS EXPECTED TO TAKE PLACE IN ABOUT TWO MONTHS.
CHANGE OF LANES ON PRINCESS MARGARET ROAD FLYOVER
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TRAFFIC ON PRINCESS MARGARET ROAD FLYOVER WILL BE CHANGED FROM TWO LANES NORTHBOUND AND ONE LANE SOUTHBOUND TO ONE LANE NORTHBOUND AND TWO LANES SOUTHBOUND FROM 10 A.M. TOMORROW (SUNDAY).
APPROPRIATE TRAFFIC SIGNS WILL BE PUT UP THERE TO GUIDE
MOTORISTS.
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