THURSDAY, MAY 3, 1979
MULTI-STOREY CAR PARK AND COMMERCIAL SITE FOR SALE IN YUEN LONG
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A VALUABLE SITE IN YUEN LONG NEW TOWN WILL SOON BE AVAILABLE FOR COMMERCIAL DEVELOPMENT, INCLUDING A MULTI-STOREY CAR PARK AND A PETROL FILLING AND SERVICE STATION.
SITUATED BETWEEN ON NING AND CASTLE PEAK ROADS AND TO THE EAST OF THE NULLAH THROUGH THE TOWN CENTRE, THE 3,287-SQUARE-METRE SITE IS THE FIRST PRIME LOT IN YUEN LONG TO BE PUT ON SALE BY THE GOVERNMENT THIS YEAR.
THE YUEN LONG DISTRICT OFFICER, MR. MICHAEL CARTLAND SAID TODAY (THURSDAY) THE GOVERNMENT WAS INVITING TENDERS FOR THE +UNIQUE+ SITE DESIGNED TO GIVE THE PROSPEROUS COMMERCIAL CENTRE IN NORTH-WESTERN NEW TERRITORIES ANOTHER BOOST.
+WHAT IS UNIQUE ABOUT THE SITE IS THAT THERE ARE SPECIAL CLAUSES IN ITS SALE CONDITIONS, REQUIRING THE DEVELOPMENT OF A MULTI-STOREY PUBLIC CAR PARK FÖR 400 MOTOR VEHICLES AND A PETROL FILLING AND SERVICE STATION ON THE GROUND FLOOR, MR. CARTLAND SAID.
+THE SALE BY PUBLIC TENDER IS SO TIMED THAT THE DEVELOPMENT WILL BE ABLE TO MEET THE INCREASING DEMAND FOR PARKING SPACE GENERATED BY THE RAPID DEVELOPMENTS IN THE NEW TOWN.+
MR. CARTLAND SAID PLANS WERE IN THE PIPELINE TO INSTALL PARKING METERS ON PUBLIC ROADS IN THE TOWN AREA TOWARDS THE END OF 1980 AND THE CONCEPT +FITS IN VERY WELL WITH THE DISTRICT'S FUTURE TRANSPORT DEVELOPMENT.+
FORMATION AND SERVICING OF THE SITE IS NOW AT AN ADVANCED STAGE WITH ROAD AND DRAINAGE WORK ALSO IN PROGRESS, HE SAID.
+IT IS EXPECTED TO BE READY VERY SOON.+
THE LOT CARRIES A BUILDING COVENANT OF $18,350,000 OVER 36 MONTHS AND HAS A PLOT RATIO OF 9.5 ALLOWING FOR THE CONSTRUCTION OF A MULTI-STOREY COMMERCIAL COMPLEX. THE SUCCESSFUL TENDERER MAY SELECT TO PAY THE TENDERED PREMIUM BY INSTALMENTS.
ITS UPPER FLOORS MAY BE USED FOR VARIOUS COMMERCIAL PURPOSES INCLUDING RESTAURANTS, SUPERMARKETS, SHOPS AND OFFICE ACCOMMODATION.
TENDERS FOR THE SITE, CLEARLY MARKED +TENDER FOR YUEN LONG TOWN LOT 303, + SHOULD BE SUBMITTED TO THE SECRETARY OF THE CENTRAL TENDER BOARD BEFORE NOON ON MAY 25.
THEY SHOULD BE PLACED TOGETHER WITH A CHEQUE OR CASHIER ORDER OF $500,000 MADE PAYABLE TO HONG KONG GOVERNMENT IN THE TENDER BOX ON THE GROUND FLOOR OF THE GOVERNMENT SECRETARIAT, CENTRAL GOVERNMENT OFFICES, LOWER ALBERT ROAD, HONG KONG.
TENDER FORMS, TENDER NOTICES AND CONDITIONS MAY BE OBTAINED FROM, AND SALE PLANS INSPECTED AT, THE NEW TERRITORIES ADMINISTRATION OR ANY OF ITS SEVEN DISTRICT OFFICES.
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