MONDAY, AUGUST 27, 1979
COMMERCIAL AND INDUSTRIAL SITES
IN TUEN MUN FOR SALE
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THE GOVERNMENT IS PUTTING UP FOR SALE FIVE LOTS OF CROWN LAND COVERING MORE THAN 12,690 SQUARE METRES FOR COMMERCIAL AND INDUSTRIAL DEVELOPMENT IN THE TUEN MUN NEW TOWN.
APPLICATIONS FOR THE LOTS ARE RESTRICTED TO REGISTERED
OWNERS OF LAND EXCHANGE ENTITLEMENTS ISSUED BY THE NEW TERRITORIES ADMINISTRATION AND ALL TENDERS MUST BE SUBMITTED TO THE SECRETARY FOR THE NEW TERRITORIES ON OR BEFORE SEPTEMBER 21.
THE SENIOR ESTATE SURVEYOR OF THE TUEN MUN DISTRICT OFFICE, MR. VICTOR LEUNG, SAID THE LAND IS BEING SOLD BY TENDER IN ACCORDANCE WITH GOVERNMENT'S POLICY OF REDUCING ITS COMMITMENT TO HOLDERS OF LAND EXCHANGE ENTITLEMENT DOCUMENTS.
+TUEN MUN HAS ALREADY ESTABLISHED ITSELF AS AN INDUSTRIAL TOWNSHIP AND THE SALE OF THE ADDITIONAL LAND WILL CERTAINLY MAKE A FURTHER BOOST TO THE INDUSTRIAL AND ECONOMIC GROWTH IN THE NEW TOWN, HE SAID.
ALL THE LOTS ARE LOCATED WITHIN THE TOWN'S INDUSTRIAL AREA BOUNDED BY SHEK PAI TAU ROAD, MING KUM ROAD AND PUI TO ROAD.
OF THE BATCH, ONE IS SET ASIDE FOR COMMERCIAL DEVELOPMENT AND THE REMAINDER FOR INDUSTRIAL AND GODOWN USES.
THE LARGEST AMONG THE FOUR INDUSTRIAL SITES MEASURES 6,329 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $10.17 MILLION OVER 48 MONTHS.
IN ADDITION TO A 9.5 PLOT RATIO, ALL THE INDUSTRIAL LOTS CARRY IN THE IR SALE CONDITIONS A SPECIAL CLAUSE WHICH GOVERNS THE CONTROL OF ANY FORM OF POLLUTION AND THE PROTECTION OF THE ENVIRONMENT.
THE COMMERCIAL SITE OF 990 SQUARE METRES CARRIES A BUILDING COVENANT OF $2.13 MILLION TO BE FULFILLED WITHIN 36 MONTHS AND A PLOT RATIO OF 9.5 ALLOWING FOR THE CONSTRUCTION OF A MULTI-STOREY COMMERCIAL COMPLEX SUITABLE FOR USE BY RESTAURANTS, SHOPS AND BANKS ON THE LOWER FLOORS AND OFFICES ON THE UPPER FLOORS.
FULL PARTICULARS AND CONDITIONS OF SALE OF THE LOTS MAY BE OBTAINED FROM, AND SALE PLANS INSPECTED AT, THE NEW TERRITORIES ADMINISTRATION HEADQUARTERS AND ANY OF ITS SEVEN DISTRICT OFFICES.
TENDERS MUST BE PLACED IN THE APPLICATION BOX IN THE RECEPTION LOBBY OF THE NEW TERRITORIES ADMINISTRATION ON THE FIFTH FLOOR OF THE HONG KONG HOUSING AUTHORITY BUILDING, 101 PRINCESS MARGARET ROAD, BEFORE NOON ON SEPTEMBER 21.
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