J
FRIDAY, OCTOBER 27, 1978
AUCTION OF PRIME SITE AT FO TAN
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A PRIME SITE IN SHA TIN NEW TOWN'S FIRST LIGHT INDUSTRIAL AREA AT FO TAN WILL BE SOLD BY AUCTION IN THE SHA TIN GOVERNMENT SECONDARY SCHOOL ON NOVEMBER 21.
THE SENIOR ESTATE SURVEYOR OF THE SHA TIN DISTRICT OFFICE, MR. ROGER THOMPSON, SAID TODAY (FRIDAY) THAT THE 3,040 SQUARE METRE SITE WAS VERY ATTRACTIVE, WITH GOOD ROAD ACCESS TO KOWLOON BY WAY OF THE SHA TIN TRUNK ROAD AND CLOSE TO THE FO TAN RAILWAY STATION.
+IT IS ALSO CONVENIENTLY LOCATED TO A NUMBER OF PUBLIC HOUSING ESTATES, GOVERNMENT AND COMMUNITY BUILDINGS, A VARIETY OF RECREATIONAL FACILITIES AND DISTRICT OPEN SPACES,+ MR. THOMPSON SAID.
THE SITE CARRIES A BUILDING COVENANT OF $4,910,000 TO BE FULFILLED WITHIN 30 CALENDAR MONTHS FROM JANUARY 1 NEXT YEAR AND HAS A PLOT RATIO OF 9.5 WHICH ALLOWS, UNDER NORMAL CIRCUMSTANCES, FOR THE DEVELOPMENT OF A 14-STOREY BUILDING.
CONDITIONS OF SALE INCLUDE STRINGENT POLLUTION CONTROLS. +HOWEVER, THE CONTROLS HAVE NOT AFFECTED THE KEEN INTERESTS OF INDUSTRIAL ISTS INVESTING IN THE NEW TOWN, MR. THOMPSON SAID.
+JUDGING FROM THE LARGE NUMBER OF ENQUIRIES ABOUT THE LOT RECEIVED AT THE NEW TERRITORIES ADMINISTRATION AND DISTRICT OFFICES, KEEN BIDDING IS EXPECTED AT THE AUCTION.
MR. THOMPSON SAID THAT THE LAST INDUSTRIAL SITE AUCTION IN THE NEW TOWN IN JUNE THIS YEAR HAD REALISED A PRICE OF $20 MILLION.
HE ADDED THAT THE PLOT RATIO FOR THE SITE AUCTIONED ONLY ALLOWED FOR SIX OR SEVEN STOREY DEVELOPMENT.
MR. THOMPSON SAID THAT ANOTHER TWO SITES IN THE NEW TOWN WILL BE DISPOSED OF BY AUCTION AND SIX OTHERS BY TENDER BETWEEN NOW AND JANUARY NEXT YEAR.
POSTAL SERVICE TO CANADA RESUMES
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THE POST OFFICE ANNOUNCED TODAY THAT POSTAL SERVICE TO CANADA WILL BE RESUMED FROM TOMORROW (SATURDAY) FOLLOWING THE RETURN TO WORK OF THE COUNTRY'S POSTAL WORKERS.
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