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WEDNESDAY, SEPTEMBER 12, 1979
MORE INDUSTRIAL LAND FOR SALE IN TUEN MUN
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DEVELOPERS AND FACTORY PROPRIETORS INTERESTED IN BUILDING INDUSTRIAL PREMISES IN THE FAST GROWING TUEN MUN NEW TOWN WILL SOON HAVE A CHANCE TO ACQUIRE A VALUABLE PIECE OF LAND THERE.
A 3 058 SQUARE-METRE LOT CONVENIENTLY LOCATED IN THE NEW TOWN'S INDUSTRIAL AREA BOUNDED BY SHEK PAI TAU ROAD, MING KUM ROAD AND PUI TO ROAD WILL GO UNDER THE HAMMER AT A PUBLIC" AUCTION TO BE HELD AT ST. SIMON LUI MING CHOI SECONDARY SCHOOL IN TUEN MUN AT 2.30 P.M. NEXT TUESDAY (SEPTEMBER 18).
THE SENIOR ESTATE SURVEYOR OF THE TUEN MUN DISTRICT OFFICE MR. VICTOR LEUNG SAID TODAY (WEDNESDAY) THE AUCTION WAS PART OF THE GOVERNMENT'S INCREASE SALES PROGRAMME TO PROVIDE MORE LAND FOR BALANCED DEVELOPMENT IN THE NEW TOWN.
EARMARKED FOR INDUSTRIAL OR GODOWN USE, THE CORNER SITE FRONTING SHEK PAI TAU ROAD CARRIES A PLOT RATIO OF 9.5 ALLOWING FOR THE DEVELOPMENT OF MULTI-STOREY BUILDING.
+THERE HAS BEEN A DEMAND FOR INDUSTRIAL SITE FROM INDUSTRIALISTS AS THEY HAVE COME TO REALISE THE ADVANTAGES IN SETTING UP FACTOR IES IN TUEN MUN,+ MR. LEUNG SAID.
+WHILE LAND IN TUEN MUN IS COMPARATIVELY CHEAPER, THE TUEN MUN HIGHWAY HAS BROUGHT THE NEW TOWN MUCH CLOSER TO KOWLOON, TSUEN WAN AND THE KWAI CHUNG CONTAINER PORT, HE ADDED.
+FURTHERMORE THERE IS A GOOD WORKFORCE IN THE NEW TOWN AND BY THE TIME THE LOT HAS BEEN DEVELOPED, NEW RESIDENTS WILL BE MOVING IN TO GIVE IT ANOTHER BOOST.+
MR. LEUNG NOTED THAT AN INDUSTRIAL SITE IN THE SAME AREA WAS SOLD FOR $8 000 PER SQUARE METRE AT A PUBLIC AUCTION LAST MONTH AND HE EXPECTED KEEN INTEREST FOR THE COMING SALE.
THE SALE CONDITIONS OF THE SITE SPECIFY A BUILDING COVENANT OF $4 840 000 OVER 36 MONTHS AND SPECIAL REQUIREMENT ON ENVIRONMENTAL CONTROL.
FULL PARTICULARS AND SALES CONDITIONS OF THE SITE ARE NOW AVAILABLE FROM THE NEW TERRITORIES ADMINISTRATION AND ANY OF ITS SEVEN DISTRICT OFFICES.
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