XN000022-1978-07-02 — Page 7

SUNDAY, JULY 2, 1978

FLATTED FACTORY SITE AT TUEN MUN FOR SALE

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THE FIRST FLATTED FACTORY SITE IN TUEN MUN NEW TOWN WILL BE SOLD BY AUCTION IN THE MIDDLE OF THIS MONTH.

THE ESTATE SURVEYOR OF THE TUEN MUN DISTRICT OFFICE, MR. JOHN DILLEY, SAID TODAY (SUNDAY) +FACTORY FLOORS TO BE CONSTRUCTED ON THE 2,702 SQUARE METRE SITE WILL BE SUB-DIVIDED INTO ABOUT 90 SEPARATE UNITS, EACH OCCUPYING A MAXIMUM OF 280 SQUARE METRES.

+THE FLATTED FACTORY UNITS ARE IDEAL FOR HONG KONG'S SMALL SCALE INDUSTRY.+

THE AUCTION WILL BE HELD AT THE ST. SIMON LUI MING CHOI SECONDARY SCHOOL IN TUEN MUN ON JULY 18, STARTING AT 2.30 P.M.

MR. DILLEY SAID HE EXPECTED KEEN BIDDING AT THE AUCTION JUDGING BY THE LARGE NUMBER OF INQUIRIES RECEIVED AT THE NEW TERRITORIES ADMINISTRATION AND DISTRICT OFFICES.

THE SITE SITUATED NEAR TUEN MUN SAN HUI HAS GOOD ROAD ACCESS TO KOWLOON BY WAY OF THE NEW TUEN MUN ROAD. IT CARRIES A BUILDING COVENANT OF $4,400,000 TO BE FULFILLED WITHIN 30 CALENDAR MONTHS.

TWO FLOORS ON ANY BUILDING OR BUILDINGS ERECTED ON THE SITE ARE PERMITTED TO BE USED FOR STORAGE PURPOSES,

MR. DILLEY POINTED OUT THAT THE LAST INDUSTRIAL SITE AUCTION IN THE NEW TOWN ON JANUARY 31, THIS YEAR HAD REALISED THE EQUIVALENT OF $478 PER SQUARE FOOT.

A TOTAL OF 19 NEW FACTORY BUILDINGS HAVE BEEN COMPLETED IN TUEN MUN NEW TOWN AND ANOTHER 17 ARE CURRENTLY BEING BUILT, HE ADDED.

MR. DILLEY SAID CONSTRUCTION WORK ON YET ANOTHER SEVEN SITES WOULD COMMENCE IN THE NEXT FEW MONTHS.

HE SAID ANOTHER FIVE INDUSTRIAL SITES IN THE NEW TOWN WILL BE SOLD BETWEEN NOW AND SEPTEMBER THIS YEAR.

ONE OF THE SITES WILL BE SOLD BY PUBLIC AUCTION WHILE THE OTHERS WILL BE SOLD BY TENDER TO HOLDERS OF LAND EXCHANGE ENTITLEMENT DOCUMENTS ISSUED BY THE ME TERRITORIES ADMINISTRATION.

+ INDUSTRIALISTS HAVE SHOWN A VERY KEEN INTEREST IN TUEN MUN AND WE HAVE QUITE A BIT OF INDUSTRIAL LAND COMING ON STREAM,+ MR. DILLEY SAID.

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