MONDAY, APRIL 30, 1979
THREE MORE INDUSTRIAL SITES FOR SALE AT FO TAN
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THE GOVERNMENT IS TO SELL THREE MORE LOTS IN THE FAST EXPANDING FO TAN AREA IN SHA TIN FOR INDUSTRIAL AND GODOWN DEVELOPMENT.
THE PRIME SITES WILL BE SOLD BY TENDER TO HOLDERS OF LAND EXCHANGE ENTITLEMENTS ISSUED BY THE NEW TERRITORIES ADMINISTRATION.
THE ACTING SENIOR ESTATE SURVEYOR OF THE SHA TIN DISTRICT OFFICE, MR. DON SMITH, SAID TODAY (MONDAY) THE SITES ARE ADJACENT TO THE PROPOSED CYCLE PATH NETWORK, A MAIN FEATURE OF THE NEW TOWN.
+AN INDUSTRIAL SITE OF 3,102 SQUARE METRES IN THE SAME AREA HAD REALISED THE EQUIVALENT OF $8,639 PER SQUARE METRE AT A GOVERNMENT AUCTION LAST MONTH WHICH REFLECTED AN EMERGING TREND IN WHICH LARGE COMPANIES ARE BUYING SITES IN THE DEVELOPING AREAS OF THE NEW TERRITORIES TO MEET FUTURE NEEDS, MR. SMITH SAID.
THE FIRST SITE FOR TENDER HAS AN AREA OF 1,109 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $1,790,000 OVER 36 MONTHS.
THE SECOND LOT MEASURES 1.491 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $2,410,000 TO BE FULFILLED IN THE SAME PERIOD.
THE THIRD ONE OF 1,466 SQUARE METRES CARRIES A BUILDING COVENANT OF $2,370,000, ALSO TO BE FULFILLED WITHIN 36 MONTHS.
THE SALE CONDITIONS FOR ALL THREE SITES STIPULATE A 9.5 PLOT RATIO ALLOWING FOR MULTI-STOREY INDUSTRIAL OR GODOWN DEVELOPMENT AND INCLUDE POLLUTION CONTROLS AIMED AT STOPPING THE EMISSION OF SMOKE AND POISONOUS OR NOXIOUS WASTES,
+THE THIRD SITE CARRIES AN ADDITIONAL CLAUSE REQUIRING AT LEAST 20 PER CENT OF THE TOTAL GROSS FLOOR AREA TO BE SUB-DIVIDED
INTO SEPARATE UNITS SUITABLE FOR SEPARATE USES, EACH OF WHICH SHALL NOT EXCEED 75 SQUARE METRES, MR. SMITH POINTED OUT.
HE NOTED THAT THIS WAS IN LINE WITH GOVERNMENT'S POLICY OF PROVIDING SMALLER UNITS TO MEET ALL THE NEEDS OF PRESENT DAY INDUSTRY.
APPLICATIONS FOR THE THREE SITES MUST BE SUBMITTED TO THE SECRETARY FOR THE NEW TERRITORIES BY NOON THIS FRIDAY AND SHOULD BE PLACED IN THE APPLICATION BOX IN THE RECEPTION LOBBY OF THE NEW TERRITORIES ADMINISTRATION, FIFTH FLOOR, HONG KONG HOUSING AUTHORITY HEADQUARTERS BUILDING, PRINCESS MARGARET ROAD, KOWLOON.
APPLICATION FORMS, APPLICATION NOTICE AND CONDITIONS OF GRANT MAY BE OBTAINED FROM AND GRANT PLAN INSPECTED AT THE NEW TERRITORIES ADMINISTRATION OR ITS SEVEN DISTRICT OFFICES.
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