2.
TUESDAY, SEPTEMBER 5, 1978
TWO SHA TIN INDUSTRIAL SITES FOR
SALE BY TENDERS ****
THE GOVERNMENT IS INVITING TENDERS FOR TWO PRIME INDUSTRIAL SITES IN SHA TIN NEW TOWN FROM HOLDERS OF LAND EXCHANGE ENTITLEMENTS ISSUED BY THE NEW TERRITORIES ADMINISTRATION.
THE ACTING SENIOR ESTATE SURVEYOR OF THE SHA TIN DISTRICT OFFICE, MR. DENIS RAGGETT, TODAY SAID: THESE ARE VERY GOOD SITES SITUATED AT TAI WAI NEAR THE JUNCTION OF TAJ PO ROAD AND LION ROCK TUNNEL ROAD AND HAVE GOOD ROAD ACCESS TO KOWLOON BY WAY OF THE SHA TIN TRUNK ROAD.
+THE TWO SITES HAVE ALREADY BEEN FORMED WITH ROADS AND DRAINAGE.+
THE FIRST SITE WITH AN AREA OF 1,798 SQUARE METRES CARRIES
A BUILDING COVENANT OF $1,940,000 TO BE FULFILLED WITHIN 30 MONTHS FROM JANUARY 1, NEXT YEAR.
THE SECOND SITE WITH AN AREA OF 2,066 SQUARE METRES CARRIES A BUILDING COVENANT OF $2,220,000 ALSO TO BE FULFILLED IN THE SAME PERIOD.
THE TWO SITES ARE BASICALLY RESTRICTED TO SIX OR SEVEN STOREY BUILDING.
MR. RAGGETT POINTED OUT THAT AN ADJACENT INDUSTRIAL SITE MEASURING 3,782 SQUARE METRES HAD FETCHED A RECORD PRICE OF $20 MILLION FOR THE AREA AT A GOVERNMENT AUCTION IN JUNE THIS YEAR.
THE SITE REALISED THE EQUIVALENT OF $491 PER SQUARE FOOT ONLY MARGINALLY BELOW URBAN AREA PRICES FOR A COMPARABLE SITE.
APPLICATIONS FOR THE TWO LOTS MUST BE SUBMITTED TO THE SECRETARY FOR THE NEW TERRITORIES BY NOON ON SEPTEMBER 15 THIS YEAR, AND SHOULD BE PLACED IN THE APPLICATION BOX SITUATED IN THE RECEPTION LOBBY OF THE NEW TERRITORIES ADMINISTRATION, 5TH FLOOR, HONG KONG HOUSING AUTHORITY HEADQUARTERS BUILDING, KOWLOON.
APPLICATION FORMS, ALONG WITH NOTICE AND CONDITIONS OF GRANT MAY BE OBTAINED FROM, AND GRANT PLAN INSPECTED, AT THE NEW TERRITORIES ADMINISTRATION OR THE SEVEN DISTRICT OFFICES.
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