THURSDAY, NOVEMBER 25, 1976
CHOICE WAN CHAI RECLAMATION SITE FOR SALE
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A MAJOR DEVELOPMENT SITE ON THE WAN CHAI RECLAMATION WILL BE PUT UP FOR AUCTION IN THE CITY HALL ON TUESDAY (NOVEMBER 30) BY THE PUBLIC WORKS DEPARTMENT'S CROWN LANDS AND SURVEY OFFICE.
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THE SITE -- OF SOME 4,340 SQ. METRES IS THE FIRST OF SEVERAL PRESTIGE SITES IN THE AREA TO BE SOLD FOR PRIVATE DEVELOPMENT.
THE SITE TO BE OFFERED AT TUESDAY'S AUCTION IS LOCATED BETWEEN GLOUCESTER ROAD AND HARBOUR ROAD, AND IS INTENDED FOR USE AS EITHER A COMMERCIAL OR RESIDENTIAL AREA, OR FOR COMBINED COMMERCIAL/RESIDENTIAL USE, INCORPORATING A HOTEL.
THE P.W.D.'S DIRECTOR OF CROWN LANDS AND SURVEY, MR. IVOR STANTON, SAID TODAY THE SITE WAS IDEALLY LOCATED FOR DEVELOPMENT. IT WAS NEAR THE MAIN BUSINESS CENTRES OF HONG KONG ISLAND, AND AT THE HUB OF THE MAIN ROAD AND FERRY NETWORK LINKING THE ISLAND AND KOWLOON.
MR. STANTON SAID A SECOND SITE OF ABOUT 4,900 SQ. METRES ADJACENT TO THE LOT TO BE OFFERED AT TUESDAY AFTERNOON'S CITY HALL AUCTION WAS EXPECTED TO COME UP FOR SALE IN THE FIRST HALF OF NEXT YEAR.
HE SAID: UNDER THE SALE CONDITION FOR THE TWO SITES, PEDESTRIAN BRIDGES AT FIRST FLOOR LEVEL WILL LINK THE PODIUMS OF THE BUILDINGS TO BE ERECTED ON THE SITES TO THE EXISTING FOOTBRIDGE OVER GLOUCESTER ROAD, EVENTUALLY JOINING UP WITH THE WAN CHAI FERRY PIER.
+WE HAVE ALSO MADE PROVISION FOR SHOPS AT THIS PODIUM LEVEL RATHER THAN AT GROUND LEVEL, SO AS TO IMPROVE PEDESTRIAN CIRCULATION, HE ADDED.
MR. STANTON SAID THAT OVER THE NEXT FOUR MONTHS HIS DEPARTMENT WOULD ALSO AUCTION FOUR CHOICE SITES ON THE RECLAMATION BETWEEN TSIM SHA TSUI AND THE CROSS HARBOUR TUNNEL APPROACHES AT HUNG HOM.
+THESE SITES WILL BE SOLD IN LOTS RANGING FROM 2,285 SQ. METRES TO JUST OVER 4,000 SQ. METRES. THE FIRST OF THEM SHOULD COME UP FOR AUCTION ON DECEMBER 28, + HE SAID.
THE SALE CONDITIONS FOR THE FOUR SITES WOULD ALLOW THEM TO BE DEVELOPED EITHER FOR COMMERCIAL OR RESIDENTIAL PURPOSES, OR A COMBINATION OF BOTH.
MR. STANTON SAID ANOTHER LARGE SITE OF SOME 41,400 SW. METRES OFF LUNG CHUNG ROAD WOULD BE OFFERED FOR SALE ON MARCH 11 NEXT YEAR,
+THIS LOT WILL BE FOR PRIVATE RESIDENTIAL PURPOSES, + HE SAID, + +BUT THE PURCHASER WILL BE ABLE TO INCLUDE SUCH FACILITIES AS A SUPERMARKET, A MULTI-STOREY CARPARK AND RECREATIONAL FACILITIES, +
/AN AKEA