THURSDAY, MARCH 17, 1977
GROUP OF COMPANIES HEADED BY CHINACHEM WINS SHA TIN LAND TENDER
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FOUR COMPANIES ASSOCIATED WITH THE CHINACHEM GROUP WERE TODAY ANNOUNCED AS THE SUCCESSFUL TENDERERS FOR A PRIME DEVELOPMENT SITE IN SHA TIN NEW TOWN.
THE PRINCIPAL GOVERNMENT LAND AGENT OF THE NEW TERRITORIES ADMINISTRATION, MR. J.D. JOHNSTON, SAID THE COMPANIES WERE THE WORLD REALTY LIMITED, ALL BEST WISHES LIMITED, HIM FOOK COMPANY LIMITED AND THE CHEE SHEUNG INDUSTRY AND GODOY'N COMPANY LIMITED.
THE 12,200 SQUARE METRE SITE IS TO BE DEVELOPED AS A HIGH- QUALITY RESIDENTIAL AND COMMERCIAL COMPLEX AT THE HEART OF SHA TIN'S TOWN CENTRE, MR. JOHNSTON SAID.
+WE DISPOSED OF THE LOT UNDER THE LAND EXCHANGE TENDER PROGRAMME AND A 'TWIN' ADJOINING SITE WHICH WILL BE DEVELOPED ALONG SIMILAR LINES IS ALSO BEING DISPOSED OF IN THIS MANNER.
+ IN FACT, TENDERS FOR THE SECOND LOT CLOSE TOMORROW (FRIDAY).+
MR. JOHNSTON SAID THAT THE TWO SITES, WHEN FULLY DEVELOPED, WOULD FORM AN INTEGRAL PART OF THE TOWN CENTRE.
+EACH WILL HAVE A FOUR-LEVEL PODIUM, PROVIDING CAR PARKING AND COMMERCIAL ARCADES SIMILAR TO THOSE OF THE OCEAN TERMINAL.
+ON EACH PODIUM WILL BE FOUR RESIDENTIAL TOWER BLOCKS WHICH WILL PROVIDE HOMES FOR A LARGE NUMBER OF PEOPLE.
+THE SALE CONDITIONS STIPULATE THAT THE SITES ARE TO BE DEVELOPED TO A DETAILED CONTROL PLAN DRAWN UP BY THE GOVERNMENT'S PLANNERS.
+THIS IS THE FIRST TIME THE GOVERNMENT HAS DISPOSED OF LAND SUBJECT TO SUCH A DETAILED CONTROL PLAN IN THE SALES CONDITIONS BUT IT WAS ESSENTIAL FOR THE SITES TO BE DEVELOPED IN LINE WITH THE HIGH STANDARDS OF THE TOWN CENTRE LAYOUT.+
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