THURSDAY, JULY 7, 1988
OF THE EIGHT NEW TERRITORIES
DISTRICT LAND REGISTRIES, SIX HAVE BEEN TAKEN OVER BY THE REGISTRAR GENERAL' 'S DEPARTMENT. IT IS INTENDED THAT THE DEPARTMENT WILL TAKE OVER THE REMAINING TWO REGISTRIES TAI PO AND NORTH LATER THIS YEAR.
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DURING THE FIRST HALF
OF 1988, THE SIX NEW TERRITORIES
DISTRICT LAND REGISTRIES OPERATED BY THE DEPARTMENT REGISTERED TOTAL OF 97,147 INSTRUMENTS.
THESE INCLUDED 19,421 SALE AND PURCHASE AGREEMENTS OF FLATS, 23.348 ASSIGNMENTS OF FLATS, 1,775 ASSIGNMENTS OF LOTS AND SECTIONS, 15 BUILDING MORTGAGES, 28,834 OTHER MORTGAGES AND 13,472 MORTAGEE'S RECEIPTS, RE-ASSIGNMENTS AND CERTIFICATES OF SATISFACTION.
THE TOTAL VALUE OF CONSIDERATIONS WERE $12.575 BILLION, BILLION, $2.309 BILLION, $0.514 BILLION, BILLION, RESPECTIVELY.
$11.638
$9.599 BILLION AND $4.065
SIGNIFICANT GOVERNMENT LAND TRANSACTIONS COMPLETED DURING THE FIRST HALF YEAR OF 1988 INCLUDED THE FOLLOWING:
JANUARY 18 OF A
* THE SALE BY CASH TENDER ON
2.45-HECTARE SITE (JUNK BAY TOWN LOT NO. 10) AT AREA 30/33, JUNK BAY ΤΟ SEBASTO INVESTMENT COMPANY LIMITED AT A PREMJUM OF $255,000,000 FOR NON-INDUSTRIAL DEVELOPMENT UNDER THE HOME OWNERSHIP (PRIVATE SECTOR PARTICIPATION) SCHEME.
15.5
ON JANUARY 28, A MAJOR LAND EXCHANGE INVOLVING THE SHELL OIL COMPANY, THE CHEUNG KONG GROUP, HONGKONG ELECTRIC AND HONG KONG UNITED DOCKYARDS WAS COMPLETED. AS A RESULT, HECTARES AT AP LEI CHAU AND 8.84 HECTARES AT KWUN TONG WILL BE REDEVELOPED FOR NON-INDUSTRIAL PURPOSES AND SHELL OIL'S DISTRIBUTION AND STORAGE FACILITIES AT KWUN TONG WILL BE RELOCATED TO TSING YI. THE TOTAL PREMIUM INVOLVED AMOUNTED TO $1.5 BILLION.
THE SALE BY CASH TENDER ON APRIL 20 OF A 31.5-HECTARE SITE (KWAI CHUNG LOT NO. 7) AT LAI CHI KOK TO HIT LIMITED AT A PREMIUM OF $4,390,000,000 FOR A CONTAINER TERMINAL.
THE SALE BY LETTER A/B TENDER ON MAY 26 OF A 1.522-11ECTARE SITE (TAI PO TOWN LOT NO. 64) AT AREA 6, TAI PO TO RAINFORCE LIMITED, MERECHAL LIMITED AND ZINDEMAR INVESTMENTS CORPORATION AT A PREMIUM OF $47,997,250 FOR NON - INDUSTRIAL (EXCLUDING GODOWN) DEVELOPMENT WITH A BUS TERMINUS/SUBWAY SYSTEM
AND
COMMERCIAL/RESIDENTIAL
ACCOMMODATION.
THE GRANT ON MAY 28 OF A
BY
1,910-SQUARE METRE SITE (KOWLOON INLAND LOT NO. 10739) IN TSIM SHA TSUI TO RADIER LIMITED WAY OF EXCHANGE AT A PREMIUM OF $35,500,000 POR NON-INDUSTRIAL (EXCLUDING GODOWN) PURPOSES.
"
THE SALE