XN000022-1976-02-14 — Page 3

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SATURDAY, FEBRUARY 14, 1976

TENDERS BEING INVITED FOR SHA TIN SITE

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TENDERS ARE TO BE INVITED EARLY NEXT MONTH FOR A PIECE OF SEABED AT THE SOUTHERN END OF SHA TIN HOI TO BE RECLAIMED AND DEVELOPED FOR RESIDENTIAL AND COMMERCIAL PURPOSES, A NEW TERRITORIES ADMINISTRATION SPOKESMAN SAID TODAY.

THE SITE TOTALS ABOUT 20 ACRES, OF WHICH NEARLY ELEVEN ACRES WILL BE RETAINED BY THE DEVELOPER WHILE THE REMAINDER IS TO BE HANDED BACK TO THE GOVERNMENT FOR BUILDING ROADS AND PROVIDING OPEN SPACES.

TERMS OF THE SALE INCLUDE RECLAMATION BY THE PURCHASER OF THE WHOLE AREA WITHIN 30 MONTHS AND THE BUILDING OF ROADS, A SEA WALL, DRAINS AND SEWERS, A FURTHER $65 MILLION MUST BE SPENT ON BUILDINGS BY THE END OF 1982.

TO ENABLE THE DEVELOPER TO CARRY OUT RECLAMATION, HE WILL BE GIVEN USE OF A NEARBY AREA FROM WHICH TO OBTAIN FILL. THIS AREA WILL BE USED, SUBSEQUENTLY FOR RECREATIONAL PURPOSES.

ONE ATTRACTION OF THE SITE IS THAT IT WILL COMMAND A VIEW OF THE RACE COURSE NOW BEING BUILT IN SHA TIN.

THE PURCHASER WILL HAVE TO PAY A DEPOSIT OF $10 MILLION AND THE BALANCE BY NINE EQUAL INSTALMENTS INCLUDING INTEREST AT 10 PER CENT.

NOTE TO EDITORS.

FIRST CONTRACT FOR NEW HOUSING ESTATE

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THE FIRST CONTRACT FOR PART OF THE $67 MILLION SHUN LEE TSUEN ESTATE OFF CLEARWATER BAY ROAD, KOWLOON, WILL BE OFFICIALLY SIGNED AT 10 A.M. ON MONDAY (FEB. 16) MORNING AT ROOM 1310 OF THE ARCHITECTURAL OFFICE, PUBLIC WORKS DEPARTMENT, MURRAY BUILDING, 13TH FLOOR.

MR. JOSEPH LEI, CHIEF ARCHITECT, PWD, WILL SIGN ON BEHALF OF THE PUBLIC WORKS DEPARTMENT, AND MR. BENNY TANG KAR-HUNG, MANAGING DIRECTOR, OF TANG TAK SON CONSTRUCTION CO., LTD. WILL SIGN FOR THE COMPANY.

YOU ARE CORDIALLY INVITED TO COVER THE CEREMONY.

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