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THURSDAY, SEPTEMBER 6, 1979
SHA TIN TOWN HOUSE SITE SOLD FOR $3.2 MILLION
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THE FIRST TOWN HOUSE SITE IN SHA TIN'S JARDINE'S LOOKOUT+ BETWEEN THE WESTERN END OF THE SHA TIN RACE COURSE AND THE CHINESE UNIVERSITY WAS SOLD TODAY (THURSDAY) FOR $3.2 MILLION MORE THAN TRIPLE THE OPENING BID OF $1 MILLION,
AT A PUBLIC AUCTION AT THE SHA TIN GOVERNMENT SECONDARY SCHOOL, THE. 724 SQUARE-METRE SITE, EARMARKED FOR TWO-STOREY HIGH QUALITY HOUSING, WAS SOLD TO YUGIN COMPANY LTD.
THE COMPANY PAID THE EQUIVALENT OF ABOUT $4 420 PER SQUARE METRE WHICH WAS $1 074 HIGHER THAN THE PRICE FETCHED IN A RECENT AUCTION FOR A SITE WITH SIMILAR SALE CONDITIONS IN SHAM TSENG, TSUEN WAN.
SPIRITED BIDDING STARTED AT 11 A.M, AND THE WINNING OFFER CAME AFTER A RECORD OF 22 BIDS IN LESS THAN 10 MINUTES.
THE AUCTIONEER WAS THE SENIOR ESTATE SURVEYOR OF THE SHA TIN DISTRICT OFFICE, MR. DON SMITH WHO DESCRIBED THE PRICE AS +HIGHER THAN EXPECTED BUT A REFLECTION OF THE DEMAND FOR LUXURY HOUSING SITES.+
+THE SITE IS THE SECOND RESIDENTIAL LOT AUCTIONED IN SHA TIN AND COMPARED WITH THE PREVIOUS PRICE OF $7 445 PER SQUARE METRE, TODAY'S PRICE IS EVEN MORE FAVOURABLE BECAUSE THE FORMER ALLOWED FOR THE CONSTRUCTION OF MULTI-STOREY RESIDENTIAL BLOCKS UP TO 18 STOREYS,+ HE ADDED.
NEW PUBLIC DUMP IN KWAI CHUNG
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THE PUBLIC WORKS DEPARTMENT HAS ANNOUNCED THAT A NEW PUBLIC DUMP OPENS TODAY AT GIN DRINKERS BAY CONTROLLED TIP OFF GIN DRINKERS BAY ROAD IN KWAI CHUNG.
HOLDERS OF VALID DUMPING LICENCE FOR PUBLIC DUMPS IN KOWLOON AND THE NEW TERRITORIES WILL BE PERMITTED TO DUMP SOFT EARTH, BUILDING DEBRIS, AND STONES (WELL MIXED WITH EARTH) UP TO 225 MM THICK.
DUMPING MAY BE CARRIED OUT BETWEEN 8 A.M. AND 6 P.M. EVERY DAY EXCEPT ON SUNDAYS AND PUBLIC HOLIDAYS. ALL LORRIES HAVE TO BE WEIGHED ON ENTERING AND LEAVING THE TIP, AND ALL DUMPING HAS TO BE CARRIED OUT IN ACCORDANCE WITH THE INSTRUCTIONS OF THE DUMP SUPERVISORS.
DUMPING LICENCES MAY BE OBTAINED FREE OF CHARGE ON APPLICATION TO THE CHIEF ENGINEER, DEVELOPMENT AND AIRPORT DIVISION, P.W.D. ON 14TH FLOOR, KOWLOON GOVERNMENT OFFICES, 405 NATHAN ROAD.
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