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FRIDAY, NOVEMBER 21, 1980
SITES FOR JOINT VENTURE DEVELOPMENTS
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THE CROWN LANDS AND SURVEY OFFICE OF THE PUBLIC WORKS DEPARTMENT IS INVITING TENDERS FOR THE FIRST TWO SITES IN THE GOVERNMENT LAND SALES PROGRAMME FOR JOINT VENTURE DEVELOPMENTS.
A PRIME RESIDENTIAL SITE OF 5 952 SQUARE METRES AT MOUNT KELLET ROAD IS BEING OFFERED FOR SALE ON THE BASIS THAT THE SUCCESSFUL TENDERER. MUST BUILD AND HAND BACK TO THE GOVERNMENT FREE OF CHARGE FIVE TOWN HOUSES OF 350 SQUARE METRES EACH.
THESE QUARTERS WILL BE USED FOR THE HOUSING OF HEADS OF DEPARTMENTS.
THE REMAINING UNITS WILL BE AVAILABLE TO THE SUCCESSFUL TENDERER FOR DISPOSAL ON THE OPEN MARKET IN THE USUAL WAY.
THE TOTAL AMOUNT TO BE SPENT ON CONSTRUCTION OF THE RESIDENTIAL UNITS IS TO BE NOT LESS THAN $12.5 MILLION AND THE SUCCESSFUL TENDERER WILL ALSO BE REQUIRED TO PROVIDE A SWIMMING POOL AND OTHER RECREATIONAL FACILITIES AND TO LANDSCAPE THE LOT.
THE SECOND LOT OF 2 700 SQUARE METRES AT CORNWALL STREET, KOWLOON, WILL PROVIDE 1 620 SQUARE METRES OF RESIDENTIAL ACCOMMODATION.
THREE EXISTING OBSOLETE QUARTERS ARE TO BE DEMOLISHED AND THE SUCCESSFUL TENDERER WILL BE REQUIRED TO BUILD A SMALL BLOCK OF FOUR FLATS OF 230 SQUARE METRES EACH FOR RETURN TO THE GOVERNMENT.
THE SITE CARRIES A BUILDING COVENANT OF $5 MILLION TO BE FULFILLED WITHIN 24 MONTHS.
A SPOKESMAN FOR THE CROWN LANDS AND SURVEY OFFICE SAID, +IT IS EXPECTED THAT THESE TENDERS WHICH ARE DUE FOR RETURN ON JANUARY 9, 1981 WILL GENERATE KEEN INTEREST BECAUSE THEY PROVIDE OPPORTUNITY FOR DEVELOPERS TO OBTAIN SITES FOR HIGH CLASS HOUSING WHICH ARE IN VERY SHORT SUPPLY, AND THE AMOUNT OF INITIAL CASH PREMIUM IN THESE CASES WILL BE SUBSTANTIALLY LOWER THAN USUAL TO REFLECT THE ACCOMMODATION TO BE HANDED BACK TO THE GOVERNMENT.+
A FURTHER FOUR SITES, COMPRISING A TOTAL OF 33 500 SQUARE METRES ARE SCHEDULED FOR SALE ON THIS BASIS EARLY NEXT YEAR, AND A NUMBER OF OTHER SITES ARE ALREADY BEING PROCESSED FOR SALE AS PART OF A CONTINUING PROGRAMME FOR THE REDEVELOPMENT OF GOVERNMENT QUARTERS.
TENDER FORMS, TOGETHER WITH NOTICES AND CONDITIONS OF SALE MAY BE OBTAINED FROM THE CROWN LANDS AND SURVEY OFFICE ON THE 19TH FLOOR OF MURRAY BUILDING, GARDEN ROAD= AND ON THE 10TH FLOOR OF KOWLOON GOVERNMENT OFFICES, 405 NATHAN ROAD.
TENDER PLANS MAY ALSO BE INSPECTED AT THESE PLACES.
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