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TLY 21, 1985
3
BUT MR GLEESON CAUTIONED THAT THE VARIOUS IGURES CITED DID NOT INCLUDE TRANSACTIONS IN THE NEW TERRITORIES AND THUS DID NOT COVER THE TOTAL PROPERTY MARKET.
OF THE EIGHT NEW TERRITORIES DISTRICT LAND REGISTRIES, FOUR HAVE BEEN TAKEN OVER BY THE REGISTRAR GENERAL'S DEPARTMENT. IT IS INTENDED THAT THE DEPARTMENT WILL TAKE OVER THE REST BY STAGES, THE NEXT, TUEN MUN, LATER THIS YEAR,
SIGNIFICANT GOVERNMENT LAND TRANSACTIONS COMPLETED DURING
THE HALF YEAR INCLUDED THE FOLLOWING:
(1) THE GRANT BY PRIVATE TREATY OF A 11.71-HECTARE SITE
(FORMERLY PART OF THE TAI PO INDUSTRIAL ESTATE) TO THE HONG KONG AND CHINA GAS COMPANY LIMITED AT A PREMIUM OF $93 680 000 FOR THE PURPOSES OF A GAS PRODUCTION PLANT.
(2)
THE SALE BY PUBLIC TENDER OF A 7.292-HECTARE SITE IN SHA TIN AREA 75 TO WILLOWGARTH COMPANY LIMITED AT A PREMIUM OF $300 300 300 FOR NON-INDUSTRIAL DEVELOPMENT UNDER THE HOME OWNERSHIP (PRIVATE SECTOR PARTICIPATION) SCHEME.
(3) THE SALE BY PUBLIC AUCTION OF A 1.069-HECTARE SITE
(FORMERLY PART OF THE VICTORIA BARRACKS) AT QUEENSWAY TO A SWIRE SUBSIDIARY, KORNHILL DEVELOPMENTS LIMITED, AT A PREMIUM OF $703 000 000 FOR NON-INDUSTRIAL PURPOSES.
(4)
THE SALE BY PUBLIC TENDER OF A 2 516-SQUARE-METRE SITE AT SING WOO ROAD, HAPPY VALLEY TO HAYNES ESTATES LIMITED AT A PREMIUM OF $62 000 000 FOR PRIVATE RESIDENTIAL AND MULTI-STOREY CARPARK PURPOSES.
(5) THE GRANT BY PRIVATE TREATY OF A 11.448-HECTARE
SITE IN YAU YAT CHUEN TO CITY POLYTECHNIC OF HONG KONG AT NIL PREMIUM FOR THE PURPOSES AS ESTABLISHED UNDER THE CITY POLYTECHNIC ORDINANCE.
(6)
(7)
THE GRANT BY PRIVATE TREATY OF A 1.32-HECTARE SITE AT KENNEDY TOWN TO LU ZHEN YI, TRUSTEE FOR CHINA MERCHANTS STEAM NAVIGATION COMPANY LIMITED, AT A PREMIUM OF $30 015 000 FOR GODOWN AND CARGO HANDLING AND CARGO HANDLING PIER PURPOSES.
THE GRANT BY PRIVATE TREATY OF A 69.39-HECTARE SITE IN TAP SHEK KOK, TUEN MUN TO KOWLOON ELECTRICITY SUPPLY COMPANY LIMITED AT A PREMIUM OF $89 552 000 FOR THE PURPOSES OF A COAL AND/OR OIL-FIRE ELECTRICITY GENERATING STATION AND BULK OIL AND COAL AND PULVERISED FLY ASH STORAGE.
THE NUMBER OF LAND GRANTS AND MODIFICATIONS OF LEASE CONDITIONS COMPLETED DURING THE FIRST HALF OF 1985 INCREASED FROM 124 IN THE FIRST HALF OF 1984 TO 159, WHILE THE TOTAL PREMIUM INVOLVED ROSE BY 46 PER CENT FROM $2.016 BILLION TO $2.944 BILLION.
/OVER THE