XN000022-1977-01-31 — Page 15

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Monday, January 31, 1977

ANOTHER CHOICE SITE IN KOWLOON TO BE LUCTIONED

another choice site at Tsim Sha Tsui East will be put up

for auction at the City Hall next month.

The site covers an area of about 2,220 square metres and is

reserved for non-industrial development, which includes shop, office,

hotel or residential use.

It is the third of a number of major development sites on

the reclamation between Tsim Sha Tsui and the cross-harbour tunnel

approaches to be offered for sale by the P..D.'s Lords and Survey

Department.

L

·

The fourth site, of some 2,654 square metres, is also for

non-industrial development and will be put up for sale in early harch.

The first two lots, which were also for non-industrial

+

development, were sold several weeks ago, fetching a total of 169

million, li

The Government Land agent, Mr. K.B. Rolfe, said today the

sales of the first two lots reflected considerable confidence in the

success of the development proposals for the area, nd he was sure

that there would be similar interest in the site to be sold next month,

"It commands an excellent location," he said. "It is very

close to the main business centre of Kowloon and is at the hub of the

Lajor road, rail and ferry networks."..

The auction will be held at 2.30 p.m. on February 25 in the

City Hall Lecture Room.

/Three other