THURSDAY, JULY 12, 1979
2
ANOTHER MAJOR PRIVATE RESIDENTIAL PROJECT IN
THE NEW TERRITORIES
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THE FIRST STAGE OF A HIGH-CLASS RESIDENTIAL COMPLEX WILL EMERGE IN ABOUT THREE YEARS' TIME AT TSING LUNG TAU, MIDWAY BETWEEN THE NEW TOWNS OF TSUEN WAN AND TUEN MUN.
TO BE BUILT ON A 138,643-SQUARE METRE SITE, THE COMPLEX IS DESIGNED TO CATER FOR EXECUTIVE AND MANAGERIAL LEVEL PEOPLE WHO WISH TO FIND HOMES NEAR THEIR WORK OR MOVE FROM THE URBAN AREAS TO HIGH QUALITY PRIVATE HOUSING IN THE NEW TERRITORIES.
THE PROJECT, REPRESENTING AN INVESTMENT OF MORE THAN $350 MILLION, WILL COMPRISE SOME 60 12-STOREY BLOCKS IN LANDSCAPED SURROUNDINGS WITH VIEWS OF LANTAU ISLAND AND HONG KONG ISLAND,
THE SECRETARY FOR THE NEW TERRITORIES, MR. DAVID AKERS-JONES, SIGNED THE CONDITIONS OF GRANT FOR THE SITE WITH MR. T.H. WANG, DIRECTOR OF TSING LUNG INVESTMENT CO., LTD., AT THE NEW TERRITORIES ADMINISTRATION HEADQUARTERS THIS (THURSDAY) MORNING.
MR. AKERS-JONES SAID THAT THE GRANT WAS IN LINE WITH GOVERNMENT'S POLICY OF MAKING AVAILABLE LARGE AREAS OF LAND IN THE NEW TERRITORIES WHEREVER POSSIBLE TO THE PRIVATE SECTOR FOR HIGH GRADE HOUSING DEVELOPMENT.
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A TOTAL OF 2,400 FLATS THE SIZE OF MOST OF WHICH WILL BE ABOUT 93 SQUARE MÈTRES FOR AN ESTIMATED POPULATION OF SOME 12,500 PEOPLE IS PLANNED.
THE SCHEME WILL INCORPORATE LANDSCAPING, OPEN SPACE, TENNIS COURTS, SWIMMING POOLS AND COMMUNITY AND COMMERCIAL FACILITIES, INCLUDING SUPERMARKET, DEPARTMENT STORE, BANK AND RESTAURANT.
+THIS PROJECT WILL CERTAINLY HELP MEET THE INCREASING DEMANDS OF YOUNG FAMILIES WHO WISH TO LIVE IN WELL MANAGED RESIDENTIAL ESTATES,+ HE SAID.
IN EXCHANGE FOR THE GRANT, MR. AKERS-JONES NOTED, THE COMPANY HAS TO PAY TO THE GOVERNMENT A $61,763,000 PRÉMIUM AND HAS SURRENDERED AN EQUIVALENT AMOUNT OF LAND TO GOVERNMENT AT TSING LUNG TAU AND IN YUEN LONG, TUEN MUN AND TAI PO.
+ONE OF THE CONDITIONS OF GRANT STIPULATES THAT THE COMPANY SHOULD SUBMIT WITHIN SIX MONTHS FROM THE SIGNING OF THE GRANT A MASTER LAYOUT PLAN SHOWING THE POSITIONS AND NATURE OF THE BUILDINGS PROPOSED TO BE ERECTED ON THE LOT AND THE ROAD NETWORKS FOR THE APPROVAL OF THE SECRETARY FOR THE NEW TERRITORIES,
+ IN ADDITION, THE COMPANY SHALL ALSO EMPLOY A LANDSCAPE SPECIALIST TO PREPARE A PROGRAMME OF LANDSCAPING AND REPLANTING OF THE AMENITY AND COMMON AREAS,✦ HE ADDED,
SUBJECT TO