XN000022-1978-06-18 — Page 6

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SUNDAY, JUNE 18, 1978

LAND IN SHA TIN NEW TOWN FOR SALE

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ABOUT FIVE HECTARES OF LAND IN 15 DIFFERENT LOTS IN SHA TIN NEW TOWN WILL BE AVAILABLE FOR INDUSTRIAL AND RESIDENTIAL DEVELOPMENT IN THE NEXT SIX MONTHS.

THE SENIOR ESTATE SURVEYOR OF THE SHA TIN DISTRICT OFFICE, MR. ROGER THOMPSON, SAID TODAY: THE GOVERNMENT WILL INVITE TENDERS FOR MOST LOTS FROM HOLDERS OF LAND EXCHANGE ENTITLEMENTS, AND THE REST WILL BE SOLD BY AUCTION,+

ON TUESDAY (JUNE 20), AN INDUSTRIAL SITE IN THE NEW TOWN WILL BE SOLD BY AUCTION FOR THE FIRST TIME THIS YEAR. THE AUCTION WILL BE HELD AT THE SHA TIN GOVERNMENT SECONDARY SCHOOL, COMMENCING AT 11 A.M.

THE LOT HAS AN AREA OF 3,782 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $4,070,000 TO BE FULFILLED WITHIN 30 CALENDAR MONTHS FROM JULY 1 THIS YEAR. BUILDING TO BE ERECTED ON THE SITE WILL BASICALLY BE RESTRICTED TO SIX TO SEVEN STOREYS.

THE SITE IS SITUATED IN TAI WA1 AND HAS GOOD ROAD ACCESS

TO KOWLOON BY WAY OF THE SHA TIN TRUNK ROAD.

MR. THOMPSON SAID HE WAS CONFIDENT OF THE CONTINUING ITEREST FROM ENTERPRENEURS IN THE INVESTMENT PROSPECTS OF THE NEW TOWN. JUDGING FROM THE LARGE NUMBER OF INQUIRIES ABOUT THE LOT, THERE WILL BE KEEN INTEREST IN THE LAND AUCTION,+ HE SAID.

AT THE SAME TIME, ANOTHER TWO LOTS IN THE SAME AREA ARE AVAILABLE FOR TENDERS BY HOLDERS OF LAND EXCHANGE ENTITLEMENTS.

THE FIRST LOT HAS AN AREA OF 3.226 SQUARE METRES AND CAPRIES A BUILDING COVENANT OF $3,500,000 TO BE FULFILLED WITHIN 30 CALENDAR MONTHS FROM JULY 1 THIS YEAR.

THE SECOND LOT HAS AN AREA OF 2,319 SQUARE METRES AND CARRIES A BUILDING OF $2,500,000 TO BE FULFILLED IN THE SAME PER10C.

APPLICATIONS FOR THE TWO LOTS MUST BE SUBMITTED TO THE SECRETARY FOR THE NEW TERRITORIES BY 12 HOON ON JULY 14 THIS YEAR, AND SHOULD BE PLACED IN THE APPLICATION BOX IN THE RECEPTION LOBBY OF THE NEW TERRITORIES ADMINISTRATION, 5/F., HONG KONG HOUSING AUTHORITY HEADQUARTERS BUILDING, KOWLOON.

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