FRIDAY, JULY 13, 1979
CENTRAL SITE FETCHES $79 MILLION
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A 1,176-SQUARE-METRE NON-I NDUSTRIAL SITE AT QUEEN'S ROAD CENTRAL, HONG KONG, WAS SOLD FOR $79 MILLION AT AN AUCTION CONDUCTED BY THE PUBLIC WORKS DEPARTMENT'S CROWN LANDS AND SURVEY OFFICE IN THE CITY HALL THEATRE TODAY (FRIDAY).
THE SITE WAS BOUGHT BY KANE FUNG ESTATES LIMITED AT $67,176.87 PER SQUARE METRE.
AT THE SAME AUCTION, ANOTHER NON-INDUSTRIAL SITE WAS SOLD TO MR. WOO BING-KWAN FOR $1.5 MILLION OR $17,942.58 PER SQUARE METRE.
THE SITE, COVERING AN AREA OF 83.6 SQUARE METRES, IS LOCATED AT 171 RECLAMATION STREET, KOWLOON.
CONSTRUCTION OF A BRIDGE ACCESS IN SHA TIN TO START LATER THIS YEAR
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WORK WILL BEGIN TOWARDS THE END OF THE YEAR ON CONSTRUCTING A BRIDGE ACCESS TO THE NEW JUBILEE SPORTS CENTRE IN SHA TIN.
THE BRIDGE TO THE SPORTS COMPLEX - AND THE RACE-COURSE AS WELL WILL PROVIDE THE MOST IMPORTANT PEDESTRIAN LINK, AS WELL AS VEHICULAR ACCESS.
IN ANNOUNCING THIS TODAY (FRIDAY), A SPOKESMAN FOR THE PUBLIC WORKS DEPARTMENT SAID THAT TENDERS HAVE BEEN INVITED FOR THE SPORTS CENTRE ACCESS WORK AS WELL AS FOR THE DREDGING OF THE SHING MUN RIVER.
THE DREDGING, SAID THE SPOKESMAN, WOULD BE FROM THE RIVER'S CONFLUENCE WITH FO TAN NULLAH TO THE KCR BRIDGE AT TAI WAI.
+AT PRESENT THIS SECTION OF THE RIVER IS NOT VERY PLEASANT AT LOW TIDE,+ HE SAID.
BUT WITH THE DREDGING COMPLETED THERE WILL BE AT LEAST HALF A METRE OF WATER IN THE RIVER AT ALL TIMES.
THE SPOKESMAN SAID THE CHANNEL WAS A VITAL ASPECT OF SHA TIN AND THAT THE AESTHETIC IMPACT ON THE NEW TOWN WAS NOT BE ING OVERLOOKED BY THE NEW TERRITORIES DEVELOPMENT DEPARTMENT.
+THE WORK IS DESIGNED TO IMPROVE THE ENVIRONMENTAL QUALITY OF THE RIVER CHANNEL WHICH IS CENTRAL TO THE DEVELOPMENT OF THE NEW TOWN, HE EXPLAINED.
+NOT ONLY ARE WE ENSURING ADEQUATE FACILITIES ARE PROVIDED FOR THE PEOPLE WHO WILL LIVE IN SHA TIN, WE ARE DOING EVERYTHING WE CAN TO MAKE IT AS PLEASANT AS POSSIBLE, HE SAID.
THE ACCESS