SUNDAY, AUGUST 26, 1984
ALL 240 STALLS AT PAU CHEUNG STREET TEMPORARY MARKET AND HAWKER BAZAAR HAVE ALREADY BEEN TAKEN UP THEIR STALLS IN THE TAI KIU MARKET, A NEW TERRITORIES SERVICES DEPARTMENT SPOKESMAN SAID TODAY.
THE MARKET WILL START OPERATING FROM SATURDAY, SEPTEMBER 1.
STALLS NOT YET TAKEN UP AT THE NEW MARKET WILL BE MADE AVAILABLE FOR RESITING ELIGIBLE ON-STREET UNLICENSED HAWKERS PLYING AT PAU CHEUNG SQUARE, THE SPOKESMAN SAID.
ALL ELIGIBLE HAWKERS WILL BE INVITED TO TAKE PART IN A RESTRICTED AUCTION TO BE HELD EARLY NEXT MONTH TO ENABLE THEM TO CONTINUE THE IR TRADES LEGALLY AT THE MARKET.
MEANWHILE, CONSTRUCTION OF THE SHAM TSENG TEMPORARY MARKET UNDER THE TUEN MUN HIGHWAY FLYOVER AT SHAM TSENG HAS BEEN COMPLETED.
AT ONE SECTION OF THE MARKET, THERE ARE 29 STALLS FOR SALE OF MEAT, FISH, POULTRY AND VEGETABLES. THE OTHER SECTION WILL HOUSE EIGHT COOKED FOOD STALLS.
THE EXISTING STALL HOLDERS CARRYING OUT THE IR TRADES AT SHAM TSENG RESITE MARKET AND SHAM TSENG COOKED FOOD BAZAAR HAVE BEEN' INVITED TO TAKE PART IN A RESTRICTED AUCTION NEXT WEEK, THE SPOKESMAN SAID.
SUCCESSFUL BIDDERS WILL BE ABLE TO START BUSINESS ALSO ON SATURDAY (SEPTEMBER 1).
→THE AUCTION OF THE STALL SITES IS MAINLY FOR THE ALLOCATION OF THE STALLS AT VAR IOUS RANGES OF NEW RENTS, SAID THE SPOKESMAN.
HE SAID A NUMBER OF FACTORS HAD BEEN CONSIDERED IN FIXING RENTS FOR THE MARKET AND COOKED FOOD STALLS.
THESE FACTORS INCLUDE THE ASSESSMENTS OF CURRENT MARKET RENTS OF THE STALLS MADE BY THE RATING AND VALUATION DEPARTMENT, THE FACILITIES PROVIDED IN THE MARKET, AS WELL AS ITS VIABILITY AND LOCATION.
+THE UPSET RENTS OF MARKET STALLS IN RESTRICTED AUCTIONS, IN MOST CASES, ARE SET BELOW THE LEVEL OF CURRENT MARKET RENTS ASSESSED BY THE RATING AND VALUATION DEPARTMENT.
*WHILE IN OPEN AUCTIONS, THE UPSET RENTS WOULD BE SET AT 100 PER CENT OF THE CURRENT MARKET RENTS,+ THE SPOKESMAN SAID.
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