XN000022-1976-08-10 — Page 9

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TUESDAY, AUGUST 10, 1976

RECORD PRICE FOR INDUSTRIAL LAND AT TUEN MUN

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A DEVELOPMENT COMPANY TODAY PAID A LOCAL RECORD PRICE OF $208.50 A SQUARE FOOT FOR AN AREA OF INDUSTRIAL LAND IN TUEN MUN,

A REPRESENTATIVE OF HOI KA COMPANY LTD., BOUGHT 18,610 SQUARE FEET (1,729 SQ. METRES) OF LAND IN THE NEW TOWN EARMARKED FOR GODOWN AND INDUSTRIAL PURPOSES FOR $3.88 MILLION.

IT WAS THE FIRST AUCTION OF INDUSTRIAL LAND IN TUEN MUN FOR NEARLY TWO YEARS.

AT THE LAST AUCTION, IN SEPTEMBER 1974, THE WINNING BID WAS $67 A SQUARE FOOT.

A SPOKESMAN FOR THE NEW TERRITORIES ADMINISTRATION, WHICH CONDUCTED THE AUCTION, SAID TODAY'S FINAL BID MORE THAN DOUBLED THE UPSET PRICE OF $1.8 MILLION.

+THE KEEN INTEREST AND VERY COMPETITIVE BIDDING REFLECT THE CONTINUING INTEREST AND CONFIDENCE IN THE FUTURE OF TUEN MUN AND THE NEW TOWNS GENERALLY, HE SAID.

WATER CUT ***

WATER SUPPLY TO A NUMBER OF PREMISES IN TSIM SHA TSUI AND REPULSE BAY AREAS WILL BE TURNED OFF FOR FIVE HOURS FROM 1 A.M. ON THURSDAY (AUGUST 12) TO ALLOW THE WATERWORKS OFFICE TO CARRY OUT NIGHT LEAKAGE TESTS.

THE AFFECTED AREA IN TSIM SHA TSUI IS BOUNDED BY NATHAN ROAD, AUSTIN ROAD, CHATHAM ROAD, AUSTIN AVENUE, KIMBERLEY ROAD AND OBSERVATORY ROAD, INCLUDING HILLWOOD ROAD.

IN REPULSE BAY, THE AFFECTED PREMISES ARE HOUSE NOS. 12, 16, 20, 24, 37, 41, 43 AND 45 REPULSE BAY ROAD.