THURSDAY, DECEMBER 21, 1989
11
PEAK SITE SOLD FOR $328 MILLION
THE DISTRICT LANDS OFFICER (HONG KONG WEST, MR THOMAS HO, ANNOUNCED TODAY (THURSDAY) THAT THE TENDER FOR RURAL BUILDING LOT NO. 3 ON PEAK ROAD HAD BEEN AWARDED TO STOOKET LTD, A WHOLLY OWNED SUBSIDIARY OF AMOY PROPERTIES AND A MEMBER OF THE HANG LUNG GROUP, AT A PRICE OF $338 MILLION.
TENDERS FOR THE SITE, ADJOINING THE UPPER PEAK TRAM TERMINUS, WERE FIRST CALLED FOR ON JULY 28 THIS YEAR WHEN THE GOVERNMENT ASKED PRIVATE DEVELOPERS то SUBMIT SCHEMES FOR A COMPREHENSIVE
REDEVELOPMENT.
INTERCHANGE
THE REDEVELOPMENT WILL INCLUDE A PUBLIC TRANSPORT CAR AND COACH PARKING, A MAJOR NEW PUBLIC GARDEN AND THE DEVELOPERS' CHOICE OF COMMERCIAL OR RESIDENTIAL ACCOMMODATION.
THE WINNING TENDER PRICE OF $328 MILLION IS THE HIGHEST BIL OUT OF A TOTAL OF 14 TENDERS SUBMITTED. HOWEVER, MR HO EMPHASISED THAT PRICE WAS ONLY ONE FACTOR IN THE ASSESSMENT OF TENDERS.
"AESTHETIC AND FUNCTIONAL ASPECTS WERE ALSO CONSIDERED, HE SAID.
CAREFULLY
THE WINNING
ING SCHEME HAS ALL THE 12,500 SQUARE METRES OF
ACCOMMODATION EARMARKED FOR A VARIETY OF COMMERCIAL USES.
MR HO POINTED OUT THAT THE SCHEME VERY SUCCESSFULLY FULFILLED THE FUNCTIONAL DEMANDS LAID DOWN BY THE GOVERNMENT AND THE EXTERNAL DESIGN WAS JUDGED TO BE ONE OF THE BEST.
"TRE LAYOUT OF THE PUBLIC TRANSPORT TERMINUS, PARKING AND TRAFFIC SYSTEM WAS THE BEST DESIGN PROPOSED.
CAR/COACHE
*THE DESIGN AND LAYOUT OF THE PUBLIC OPEN SPACE, INCLUDING THE CHILDREN'S PLAYGROUND, WILL HAVE A FAVOURABLE IMPACT, HE ADDED.
F
MR HO ADDED THAT THE URBAN COUNCIL WOULD BE MAKING A MAJOR CONTRIBUTION TO THE PUBLIC OPEN SPACE ASPECT OF THE SCHENE BY PAYING FOR THE COST OF THE NEW PUBLIC GARDEN IN THE AREA NEXT ΤΟ THE TRAM TERMINUS.
PEAK
WHEN COMPLETED, THE GARDEN WILL BE HANDED OVER TO THE COUNCIL FOR MANAGEMENT.
URBAN
1
/12