XN000022-1976-09-21 — Page 7

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TUESDAY, SEPTEMBER 21, 1976

N.T. SUPERMARKET SITE SOLD

FOR $960,000

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A SUBSIDIARY OF THE ASIA PROVISIONS CO. LTD. TODAY PAID NEARLY $1 MILLION FOR A SUPERMARKET SITE AT THE RAPIDLY-DEVELOPING SILVERSTRAND BEACH AREA.

THE LOT WAS SOLD TO THE ASIA PROPERTY COMPANY FOR $960,000 AFTER STRONG BIDDING AT AN AUCTION CONDUCTED BY THE SENIOR ESTATE SURVEYOR OF THE SAI KUNG DISTRICT, MR. DEREK DEAR.

BIDDING STARTED AT $300,000.

THE 9,000 SQUARE-FOOT SITE IS IN SILVERSTRAND BEACH ROAD OFF CLEARWATER BAY ROAD IN THE HEART OF THE MUSHROOMING RESIDENTIAL AREAS OF SILVERSTRAND NORTH AND SOUTH.

THE SITE HAS BEEN EARMARKED BY THE NEW TERRITORIES ADMINISTRATION FOR A GROUND FLOOR SUPERMARKET WITH COMMERCIAL PREMISES ABOVE.

A SUPERMARKET ON THE SITE WOULD SERVE NOT ONLY THE IMMEDIATE SILVERSTRAND BEACH AREA BUT OTHER NEARBY RESIDENTIAL AREAS SUCH AS TA KWU LING AND PAN LONG WAN, A SPOKESMAN FOR THE ADMINISTRATION SAID.

WATER CUT ****

A NUMBER OF PREMISES IN SHEUNG WAN DISTRICT ON HONG KONG ISLAND WILL BE WITHOUT FRESH WATER FOR FIVE HOURS STARTING FROM 1 A.M. ON THURSDAY (SEPTEMBER 23) TO ENABLE WATERWORKS OFFICE STAFF TO CARRY OUT A NIGHT LEAKAGE TEST.

THE AFFECTED PREMISES ARE BOUNDED BY POSSESSION STREET, LOWER LASCAR ROW, LADDER STREET, CIRCULAR PATHWAY, GOUGH STREET, MEE LUN STREET, HOLLYWOOD ROAD, INCLUDING A CHUNG LANE, WA LANE, CHEUNG HING STREET, SAI STREET, TUNG STREET, BETWEEN HOLLYWOOD ROAD AND LOWER LASCAR ROW, UPPER LASCAR ROW, SHING WONG STREET, SHIN HING STREET, ON WO LANE AND CHUK LIN LANE.

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