FRIDAY, AUGUST 10, 1979
TENDERS CALLED FOR MAJOR RESIDENTIAL
PROJECT AT TAI WO TSUEN
****
A HOUSING PROJECT OFFERING ACCOMMODATION TO SOME 7,000 PEOPLE WILL SHORTLY BE CONSTRUCTED OVER A PRESTIGE SITE AT TAI WO TSUEN
IN KWAI CHUNG, TSUÊN WAN.
IN A NOTICE PUBLISHED IN TODAY'S (FRIDAY) GOVERNMENT GAZETTE, THE GOVERNMENT INVITES TENDERS FOR THE MULTI-MILLION-DOLLAR PROJECT COMPRISING A MODERN AND SELF-CONTAINED RESIDENTIAL ESTATE WITH LANDSCAPING AND OPTIMUM FACILITIES.
THE SITE, MEASURING SOME 6.59 HECTARES, IS THE LARGEST RESIDENTIAL EVER PUT ON THE MARKET IN TSUEN WAN DISTRICT.
IT WILL BE OFFERED FOR SALE BY TENDER TO REGISTERED OWNERS OF LAND EXCHANGE ENTITLEMENTS ISSUED BY THE NEW TERRITORIES ADMINISTRATION.
TENDERS MUST BE SUBMITTED BEFORE SEPTEMBER 21 THIS YEAR.
THE SENIOR ESTATE SURVEYOR OF THE TSUEN WAN DISTRICT OFFICE, MR. ALLAN HAY, SAID TODAY IT HAS BEEN DECIDED TO DISPOSE OF THE LAND IN ONE PARCEL SO AS TO ACHIEVE A CO-ORDINATED AND BALANCED RESIDENTIAL DEVELOPMENT.
+THE PROJECT, WHICH WILL PROVIDE CONSIDERABLE IMPETUS TO THE ALREADY BOOMING PRIVATE HOUSING DEVELOPMENT IN TSUEN WAN, WILL PUT ROUGHLY 139,800 SQUARE METRES OF HIGH-QUALITY HOUSING ON THE MARKET UPON COMPLETION.
+WHEN FULLY COMPLETED IN 1986, THE COMPLEX WILL STAND AS A PROMINENT LANDMARK IN KWAI CHUNG WITH SWEEPING VIEWS OF LANTAU AND LAMMA ISLANDS IN THE WEST AND KOWLOON AND HONG KONG ISLAND IN THE EAST,+
MR. HAY NOTED THAT THE SITE WAS A VERY WELCOME ADDITION TO THE PRIVATE DEVELOPMENT SECTOR AND SHOULD ATTRACT GREAT INTERESTS FROM HONG KONG'S TOP DEVELOPMENT COMPANIES.
HE RECALLED THAT THE GOVERNMENT HAD GRANTED A PIECE OF LAND, TWICE AS LARGE AS THE TAI WO TSUEN SITE, AT TSING LUNG TAU IN TSUEN WAN TWO MONTHS AGO.
+ALL THIS IS PART OF GOVERNMENT'S EFFORT TO HELP MEET THE INCREASING DEMANDS OF YOUNG FAMILIES WHO WISH TO LIVE IN WELL MANAGED RESIDENTIAL ESTATES AND TO ALLEVIATE OVERCROWDING IN URBAN AREAS.+
ACCORDING TO MR. HAY, THE TAI WO TSUEN LOT HAD BEEN FORMED BY THE GOVERNMENT IN FIVE GRADED PLATFORMS, RANGING IN SIZES FROM ABOUT 4,300 SQUARE METRES TO 17,000 SQUARE METRES.
IT CARRIES A BUILDING CONVENANT OF $151 MILLION TO BE FULFILLED WITHIN SIX YEARS.
/ THE TOTAL