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WEDNESDAY, JANUARY 14, 1987.
SIGNIFICANT GOVERNMENT LAND TRANSACTIONS COMPLETED DURING THE YEAR INCLUDED THE FOLLOWING :
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THE SALE BY PUBLIC TENDER OF A 7 800-SQUARE METRE SITE IN TUEN MUN (TUEN MUN TOWN LOT NO. 281) TO THOROGOOD ESTATES LIMITED AT A PREMIUM OF $102 680 000 FOR NON- INDUSTRIAL PURPOSES.
THE SALE BY PUBLIC TENDER OF A 6.675-SQUARE METRE SITE AT CHEUNG SHA WAN ROAD (NEW KOWLOON INLAND LOT NO. 5955) TO LAI SUN GARMENT COMPANY LIMITED AT A PREMIUM OF $68 800 000 FOR NON-INDUSTRIAL (EXCLUDING RESIDENTIAL, PETROL FILLING STATION, HOTEL AND GODOWN) PURPOSES.
* THE SALE BY PUBLIC AUCTION OF A 1.6-HECTARE SITE AT
SUPREME COURT ROAD (INLAND LOT NO. 8582) TO SWIRE PROPERTIES SALES LIMITED AT A PREMIUM OF $1 005 000 000 FOR NON-INDUSTRIAL PURPOSES.
* THE GRANT BY PRIVATE TREATY OF A 5.587-HECTARE SITE IN TUEN MUN (TUEN MUN TOWN LOT NO. 289) TO KOWLOON- CANTON RAILWAY CORPORATION AT A PREMIUM OF $28 000 000 FOR A LIGHT RAIL TRANSIT SYSTEM DEPOT AND THE MODIFICATION OF THE LEASE CONDITIONS AT A PREMIUM OF $45 MILLION TO PERMIT COMMERCIAL AND RESIDENTIAL DEVELOPMENT OVER THE DEPOT.
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THE GRANT BY CASH TENDER OF A 2.293-HECTARE SITE IN JUNK BAY (JUNK BAY TOWN LOT NO. 6) TO CONTRA ENTERPRISES LIMITED AT A PREMIUM OF $172 888 888 FOR A NON-INDUSTRIAL DEVELOPMENT UNDER THE PRIVATE SECTOR PARTICIPATION SCHEME.
THE SALE BY PUBLIC AUCTION OF A 1.538-HECTARE SITE AT JUNCTION OF TIN HAU TEMPLE ROAD AND BRAEMAR HILL ROAD (INLAND LOT NO. 8658) TO BOATSWAIN ENTERPRISES LIMITED AND BEVERHILL LIMITED AT A PREMIUM OF $645 000 000 FOR PRIVATE RESIDENTIAL PURPOSES.
DURING THE YEAR, SURRENDERS AND RESUMPTIONS OF LAND DROPPED BY 29.8 PER CENT FROM 131 TO 92, WHILE THE AMOUNT OF COMPENSATION INCREASED BY 66.4 PER CENT FROM $50.3 MILLION TO $83.7 MILLION.
MR GLEESON SAID THE WHOLE OF THE LAND OFFICE IN CENTRAL MOVED TO THE NEW GOVERNMENT OFFICES IN QUEENSWAY ON AUGUST 26 AND COMPUTERISATION OF LAND OFFICE RECORDS BEGAN ON NOVEMBER 1.
+FULL CONVERSION IS EXPECTED TO BE COMPLETED BY THE END OF 1988, + HE SAID.
OF THE EIGHT NEW TERRITORIES DISTRICT LAND REGISTRIES, FIVE HAD NOW BEEN TAKEN OVER BY THE REGISTRAR GENERAL'S DEPARTMENT. IT WAS INTENDED THAT THE DEPARTMENT WOULD TAKE OVER THE REMAINDER BY THE END OF THIS YEAR, MR GLEESON ADDED.
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