XN000022-1978-11-24 — Page 6

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FRIDAY, NOVEMBER 24, 1978

NOTE TO EDITORS.

YOU ARE WELCOME TO SEND A REPORTER AND/OR PHOTOGRAPHER TO COVER THE SIGNING OF THE FRANCHISE TODAY (FRIDAY) IN THE CONFERENCE ROOM OF THE TRANSPORT DEPARTMENT HEADQUARTERS GUARDIAN HOUSE, 32 01 KWAN ROAD, THE CEREMONY WILL TAKE AT 2.45 P.M. MR. T. HAHN OF THE TRANSPORT DEPARTMENT WILL BE PRESENT TO ASSIST THE PRESS.

PLACE

TENDERS INVITED FOR TWO FO TAN INDUSTRIAL SITES

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THE GOVERNMENT IS INVITING TENDERS FOR TWO PRIME INDUSTRIAL SITES AT FO TAN FROM HOLDERS OF LAND EXCHANGE ENTITLEMENTS ISSUED BY THE NEW TERRITORIES ADMINISTRATION.

THE SENIOR ESTATE SURVEYOR OF THE SHA TIN DISTRICT OFFICE, MR. ROGER THOMPSON, TODAY (FRIDAY) SAID +THIS IS THE FIRST SALE BY TENDER OF INDUSTRIAL SITES AT FO TAN AND LAND EXCHANGE ENTITLEMENT HOLDERS HAVE SHOWN A GREAT DEAL OF INTEREST IN THEM.

+THE TWO SITES ARE NEAR AN INDUSTRIAL SITE SOLD BY AUCTION

LAST TUESDAY AT $892 PER SQUARE FOOT.

+SIX MORE SITES IN FO TAN WILL BE SOLD BY TENDER BEFORE

THE END OF MARCH NEXT YEAR, HE ADDED.

THE FIRST SITE HAS AN AREA OF 1,850 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $2,990,000 WITHIN 30 CALENDAR MONTHS FROM JANUARY 1 NEXT YEAR.

THE SECOND SITE MEASURES 2,159 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $3,490,000 FOR THE SAME PERIOD.

TENDERS FOR BOTH SITES CLOSE ON DECEMBER 15.

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