TUESDAY, FEBRUARY 19, 1980
SIX SCENIC LAND LOTS FOR SALE
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THE GOVERNMENT WILL AUCTION SIX SITES IN THE ISLANDS AND SAI KUNG DISTRICTS OF THE NEW TERRITORIES NEXT MONTH (MARCH).
THE SITES, ALL IN SCENIC SETTINGS, TOTAL 1.31 HECTARES AND ARE FOR RESIDENTIAL AND INDUSTRIAL DEVELOPMENT ONE SITE IS FOR A SUPERMARKET.
TWO SITES IN ISLANDS DISTRICT - ONE AT CHEUNG SHA ON LANTAU AND THE OTHER ON CHEUNG CHAU - ARE FOR VILLA-TYPE HOUSES.
MEASURING 855 SQUARE METRES IN AREA, THE CHEUNG SHA LOT IS ADJACENT TO THE SOUTH LANTAU ROAD AND WITHIN WALKING DISTANCE OF CHEUNG SHA BEACH.
THE CHEUNG CHAU LOT, WHICH IS 3 160 SQUARE METRES IN SIZE, IS ON A HILLSIDE AT FA PENG WHICH IS BEING DEVELOPED INTO A RESIDENTIAL ZONE.
THE LOTS CARRY BUILDING COVENANTS OF $2 MILLION AND $350 000 OVER 36 MONTHS.
PLOT RATIOS OF THE TWO LOTS, WHICH ARE RESTRICTED TO TWO-STOREY DEVELOPMENT, ARE 0.4 AND 0.6, WHILE THE SALES CONDITIONS OF THE FORMER ALLOW FOR THE CONSTRUCTION OF AN OPEN AIR SWIMMING POOL.
OF THE FOUR LOTS FOR SALE AT SAI KUNG, TWO ARE FOR INDUSTRIAL DEVELOPMENT AT TUE MIN HOI CLOSE TO HIRAM'S HIGHWAY, THEY ARE NEIGHBOURING SITES OF 3 231 AND 2 638 SQUARE METRES AND ARE IN THE SAME AREA AS THE FIRST INDUSTRIAL LOT SOLD IN THE DISTRICT LAST JULY AT A RECORD PRICE OF $10 950 000.
DEVELOPMENT OF THE TWO SITES IS RESTRICTED TO A HEIGHT OF 16.7
METRES.
THE CONDITIONS OF SALE SPECIFY A PLOT RATIO OF 4 AND BUILDING COVENANTS OF $5 220 000 AND $4 260 000 TO BE FULFILLED WITHIN 36 MONTHS.
FOR THE LARGER SITE, THERE IS ALSO A REQUIREMENT TO PROVIDE SMALL FACTORY UNITS OF 75 SQUARE METRES EACH.
OF THE TWO REMAINING SITES AT SAI KUNG, ONE, OF 2 420 SQUARE METRES, IS FOR RESIDENTIAL PURPOSES AT FUNG SAU TERRACE, TAI MONG TSA!, OVERLOOKING SAI KUNG HOI. THE OTHER SITE, WHICH IS FOR A RETAIL FOOD SUPERMARKET, IS OF 800 SQUARE METRES AT RAZOR HILL, CLEARWATER BAY ROAD.
THE SITES HAVE BUILDING COVENANTS OF $390 000 AND $800 000 TO BE FULFILLED WITHIN 36 MONTHS, DEVELOPMENT OF BOTH IS LIMITED TO TWO STOREYS,
THE AUCTIONS, TO BE HELD IN THE CITY HALL THEATRE ON MARCH 11, STARTING AT 11 AM, WILL BE CONDUCTED BY THE CHIEF ESTATE SURVEYOR, NEW TERRITORIES ADMINISTRATION, MR NIGEL BURLEY.
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