XN000022-1976-12-04 — Page 8

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SATURDAY, DECEMBER 4, 1976

NEW TERRITORIES LAND SALES PROGRAMME

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THE NEW TERRITORIES ADMINISTRATION IS PLANNING TO SELL ABOUT 120,774 SQUARE METRES (1.3 MILLION SQUARE FEET) OF LAND IN THE NEW TERRITORIES BEFORE THE END OF THE FINANCIAL YEAR.

MORE THAN 83,613 SQUARE METRES (900,000 SQUARE FEET) WILL BE SOLD AT PUBLIC AUCTION WHILE ANOTHER 33,975 SQUARE METRES (365,700 SQUARE FEET) WILL BE DISPOSED OF BY TENDER TO HOLDERS OF GOVERNMENT LAND EXCHANGE ENTITLEMENTS DOCUMENTS.

THE ADMINISTRATION'S PRINCIPAL GOVERNMENT LAND AGENT,

MR. J.D. JOHNSTON, SAID TODAY THAT A PROVISIONAL LAND SALÉS PROGRAMME HAD ALREADY BEEN CIRCULATED TO LAND AND DEVELOPMENT COMPANIES AND ORGANISATIONS LIKELY TO BE INTERESTED IN ACQUIRING THE LAND.

+BUT WE MUST STRESS THAT THE PROGRAMME IS PROVISIONAL AND SUBJECT TO CHANGE, HE SAID, +OF COURSE, WE WILL NOTIFY ANY CHANGES.+

MR. JOHNSTON SAID THAT THE TWO LARGEST BLOCKS TO BE DISPOSED OF BY LAND EXCHANGE ENTITLEMENT TENDER WERE THE ADJOINING SITES AT SHA TIN WHICH ARE TO BE DEVELOPED INTO A COMMERCIAL/RESIDENTIAL COMPLEX AS THE FIRST STAGE OF BUILDING A PRESTIGIOUS TOWN CENTRE IN THE NEW TOWN.

+THESE LOTS WILL UNDOUBTEDLY ATTRACT GREAT INTEREST BECAUSE OF THE DEVELOPMENT POTENTIAL,+ HE SAID.

+ BUT OTHER LOTS IN THE SAI KUNG, TUEN MUN AND TSUEN WAN DISTRICTS WILL ALSO BE ATTRACTIVE TO HOLDERS OF LAND EXCHANGE ENTITLEMENT DOCUMENTS.

+FOR EXAMPLE, THERE ARE THREE LOTS TOTALLING 8,724 SQUARE METRES (93,900 SQUARE FEET) IN SAI KUNG WHICH HAVE BEEN EARMARKED FOR TWO-STOREY RESIDENTIAL DEVELOPMENT,+

MR. JOHNSTON SAID THAT THE FIRST OF THE SITES TO BE SOLD AT PUBLIC AUCTION NEXT TUESDAY (DECEMBER 7) WERE SITUATED AT RAPIDLY-DEVELOPING TUEN MUN.

+ONE OF THESE LOTS IS 492 SQUARE METRES (5,300 SQUARE FEET) AND THE OTHER IS 799 SQUARE METRES (ABOUT 8,600 SQUARE FEET) AND WILL BE DEVELOPED FOR INDUSTRIAL AND GODOWN PURPOSES, HE SAID.

+A REQUIREMENT IN THE SALE CONDITIONS WHICH HAVE BEEN ADVERTISED REQUIRING THE PROVISION OF PARKING SPACES FOR CONTAINER LORRIES HAS NOW BEEN DELETED BECAUSE OF THE SIZE OF THE LOTS, HE ADDED.

THE AUCTION WILL BE HELD AT ST. SIMON LUI MING CHOI SECONDARY SCHOOL, TUEN MUN, AT 2.30 P.M.

/MR. JOHNSTON