XN000022-1978-08-04 — Page 5

FRIDAY, AUGUST 4, 1978

HIGH-CLASS SILVERSTRAND RESIDENTIAL SITE FOR SALE

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THE GOVERNMENT IS TO AUCTION A HIGH-CLASS RESIDENTIAL SITE AT SILVERSTRAND IN CLEARWATER BAY ON AUGUST 22 THIS YEAR.

THE AUCTION WILL BE HELD AT THE SAI KUNG DISTRICT OFFICE, SAN PO KONG GOVERNMENT OFFICES, PRINCE EDWARD ROAD, STARTING AT 3 P.M.

THE ACTING SENIOR ESTATE SURVEYOR OF THE SAI KUNG DISTRICT OFFICE, MR. GREGORY LAI, TODAY SAID THE SITE ENJOYS VERY GOOD SEA VIEWS AND IS LOCATED IN A HIGH-CLASS RESIDENTIAL AREA.

+ IT IS VERY ATTRACTIVE BEING IN THE NEW TERRITORIES, BUT ONLY 20 MINUTES DRIVE FROM THE KOWLOON URBAN AREA.+

THE LOT OCCUPIES AN AREA OF ABOUT 1,858 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $750,000 ÖVER 36 MONTHS, HE SAID. THE LOT WILL BASICALLY BE RESTRICTED TO TWO-STOREY BUILDINGS.

MR. LAI SAID KEEN BIDDING IS EXPECTED JUDGING FROM THE NUMBER OF ENQUIRIES RECEIVED.

+LAND DEVELOPERS HAVE SHOWN CONTINUING INTEREST IN RESIDENTIAL SITES IN SAI KUNG AND WE HAVE A NUMBER OF SITES TO BE DISPOSED OFF BY AUCTION,+ MR. LAI SAID.

HE ADDED THAT THE LAST AUCTION OF AN ADJACENT SITE AT SILVER- STRAND IN SEPTEMBER LAST YEAR FETCHED THE EQUIVALENT OF MORE THAN $100 PER SQUARE FOOT.

FULL PARTICULARS AND CONDITIONS OF SALE OF THE LOT MAY BE OBTAINED FROM AND SALE PLAN INSPECTED AT THE NEW TERRITORIES ADMINISTRATION, HONG KONG HOUSING AUTHORITY HEADQUARTERS BUILDING, PRINCESS MARGARET ROAD, AND THE SEVEN DISTRICT OFFICES.

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