THURSDAY, MARCH 10, 1983
53 LAND SITES OFFERED
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THE GOVERNMENT PLANS TO SELL 53 SITES IN THE URBAN AREA AND THE NEW TERRITORIES DURING THE SIX MONTHS FROM APRIL TO SEPTEMBER THIS YEAR.
ANNOUNCING THIS TODAY, THE GOVERNMENT LAND AGENT, MR DUNCAN SCOTT-WILL, SAID THAT THE PROVISIONAL LAND SALES FORECAST COMPRISED A TOTAL OF ABOUT 24.7 HECTARES.
IN ADDITION, 22 HOUSES AT NGAU CHI WAN, NOT TAKEN UP BY VILLAGERS AFFECTED BY MTR WORKS AT CHOI HUNG, WILL ALSO BE PUT UP FOR SALE.
IN THE URBAN AREA, AN ITEM OF PARTICULAR INTEREST IS THE OLD MARKET SITE AT ABERDEEN WHICH CAN BE DEVELOPED FOR COMMERCIAL AND RESIDENTIAL PURPOSES. THIS SITE WILL BE SOLD BY AUCTION.
SITES TO BE OFFERED IN THE NEW TOWNS INCLUDE THREE IN TUEN MUN AND ONE EACH IN TSUEN WAN AND TAI PO FOR COMMERCIAL OR RESIDENTIAL USES,
FOUR SITES IN THE URBAN AREA AND ONE IN YUEN LONG WILL BE SOLD BY TENDER WITH A REQUIREMENT THAT THE PURCHASER PROVIDES PUBLIC PARKING FACILITIES IN THE DEVELOPMENT.
A TOTAL OF 13 SITES WILL BE OFFERED FOR INDUSTRIAL DEVELOPMENT, EIGHT OF WHICH ARE SITUATED IN YUEN LONG, FOUR IN SHA TIN AND ONE IN KOWLOON. IN GENERAL, MR SCOTT-WILL SAID, THESE SITES WERE RATHER SMALLER IN SIZE THAN THOSE MARKETED IN THE PAST.
+A MORE FLEXIBLE RANGE OF PLOT RATIOS FOR INDUSTRIAL LOTS IS ALSO UNDER CONSIDERATION TO PROVIDE A GREATER SELECTION OF DEVELOPMENT OPTIONS TO DEVELOPERS AND, MORE PARTICULARLY, POTENTIAL OWNER-OCCUPIER INDUSTRIALISTS WHOSE NEEDS MAY BE FOR RELATIVELY LOW DENSITY BUILDINGS, HE SAID.
THE GOVERNMENT WILL ALSO INVITE TENDERS FOR THREE FURTHER SITES FOR HOUSING DEVELOPMENT UNDER THE PRIVATE SECTOR PARTICIPATION SCHEME. ONE OF THESE SITES IS IN SHA TIN, ONE IN NGAU CHI WAN AND THE OTHER, MEASURING FOUR AND A HALF HECTARES, IN KOWLOON BAY ADJACENT TO THE KAI YIP ESTATE.
+THIS FORM OF SALE HAS PROVED POPULAR WITH DEVELOPERS DURING THE CURRENT PERIOD OF SLACK MARKET CONDITIONS, MR SCOTT-WILL SAID.
WITH REGARD TO SITES IN THE NEW TERRITORIES, HE ADDED, THERE WOULD BE EVEN MORE EMPHASIS ON SALES BY LETTER B TENDER IN LINE WITH THE GOVERNMENT'S INTENTION OF REDEEMING THE OUTSTANDING COMMITMENT AS QUICKLY AS POSSIBLE.
IN ADDITION