XN000022-1976-03-16 — Page 7

TUESDAY, MARCH 16, 1976

LAND SALES IN N.T. RAISE $3.8M

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TWO LOTS OF CROWN LAND IN THE NEW TERRITORIES WERE SOLD FOR A TOTAL OF $3.85 MILLION AT SEPARATE AUCTIONS TODAY.

THE FIRST SALE, OF 5,500 SQ. FT. OF LAND IN THE CENTRAL AREA OF YUEN LONG, REALISED $1.49 MILLION. IT WAS SOLD TO SUN HUNG KAI PROPERTIES LIMITED AT A PRICE OF $271 PER SQ. FT. THE LAND IS TO BE USED FOR NON-INDUSTRIAL PURPOSES ONLY.

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THE AUCTION TOOK PLACE AT YUEN LONG TOWN HALL AND WAS CONDUCTED BY MR. BOB POPE, SENIOR ESTATE SURVEYOR, YUEN LONG DISTRICT OFFICE.

IN THE SECOND' AUCTION, WHICH TOOK PLACE AT THE SAI KUNG DISTRICT OFFICE, AN AREA TOTALLING 7,770 SQ. FT. ON THE SAI KUNG RECLAMATION WENT FOR $2.36 MILLION. THE LAND, FOR INDUSTRIAL PURPOSES ONLY, WAS BOUGHT BY JUBILEE INVESTMENT LIMITED AT $303 PER SQ. FT.

BUILDINGS ON THE LAND ARE NOT TO EXCEED 65 FEET IN HEIGHT.

THERE WERE TEN BIDDERS AT THE AUCTION, WHICH WAS CONDUCTED BY MR. VINCENT CHU KAI-YUEN, SENIOR ESTATE SURVEYOR, SAI KUNG DISTRICT OFFICE.

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TURNING RESTRICTIONS IN YAU MA TEI

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A NUMBER OF TURNING MOVEMENTS FOR VEHICLES WILL BE RESTRICTED IN YAU MA TEI FROM TOMORROW AND FRIDAY MORNING TO FACILITATE THE CONSTRUCTION OF THE METRO IN NATHAN ROAD.

THE TURNING MOVEMENTS THAT WILL BE RESTRICTED FROM 10 A.M. TOMORROW ARE THE LEFT TURN FROM WING SING LANE INTO NATHAN ROAD NORTHBOUND AND THE LEFT TURN FROM CHANG SHA STREET INTO NATHAN ROAD NORTHBOUND.

ON FRIDAY MORNING, THE FOLLOWING TURNING MOVEMENTS WILL BE RESTRICTED. THE RIGHT TURN FROM JORDAN ROAD INTO NATHAN ROAD SOUTHBOUND- THE RIGHT TURN FROM NATHAN ROAD INTO JORDAN ROAD EASTBOUND AND THE RIGHT TURN FROM NATHAN ROAD INTO JORDAN ROAD WESTBOUND.

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