XN000022-1979-01-07 — Page 3

SUNDAY, JANUARY 7, 1979

2

VALUABLE RESIDENTIAL SITES FOR SALE

ON LANTAU AND PENG CHAU ISLANDS

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THE GOVERNMENT IS TO AUCTION THREE PRESTIGE SITES IN THE ISLANDS DISTRICT LATER THIS MONTH FOR LOW DENSITY RESIDENTIAL DEVELOPMENT.

THE THREE LOTS ONE ON LANTAU ISLAND AND THE OTHERS ON PENG CHÁU ARE IN VERY SCENIC SETTINGS COMMANDING PANORAMIC SEA VIEWS.

THE SENIOR ESTATE SURVEYOR OF THE ISLANDS DISTRICT OFFICE MR. KEITH HEALY SAID TODAY (SUNDAY) THE LAND WOULD BE ATTRACTIVE TO DEVELOPERS AS AN AREA FOR HIGH-QUALITY HOUSES.

+THEY ARE VERY ATTRACTIVE SITES OVERLOOKING THE ADJOINING HILLS AND SOME OF HONG KONG'S MOST PICTURESQUE BEACHES, HE ADDED.

THE AUCTION -- THE FIRST FOR LAND IN THE NEW TERRITORIES THIS YEAR WILL TAKE PLACE IN THE CITY HALL THEATRE ON JANUARY 23 AT 11.00 A.M.

THE LANTAU SITE, MEASURING 1,398 SQUARE METRES, IS WITHIN A MINOR RESIDENTIAL LAYOUT AT CHEUNG SHA, CLOSE TO THE COASTAL PROTECTION AREA AND THE COUNTRY PARK.

THE SECOND AND THIRD LOTS ARE ADJACENT SITES ON WAI TSA ! PEAK ON PENG CHAU, EACH COVERING AN AREA OF APPROXIMATELY 372 SQUARE METRES WITH SWEEPING VIEWS OVER THE NEIGHBOURING ISLANDS AND LANTAU.

MR. HEALY SAID: THE SALE CONDITIONS OF THE FIRST LOT CARRY A PLOT RATIO OF 0.4, ALLOWING FOR TWO-STOREY RESIDENTIAL DEVELOPMENT ON NOT MORE THAN 559 SQUARE METRES OF THE LAND,

+ THE PENG CHAU LOTS CARRY SIMILAR CONDITIONS WHICH ONLY ALLOW THE CONSTRUCTION OF TWO-STOREY BUILDINGS ON 30 PER CENT OF THE LOT AREA.+

THE PENG CHAU SITES ARE PART OF THE GOVERNMENT'S PROGRAMME TO MAKE LAND AVAILABLE ON PENG CHAU FOR RESIDENTIAL USE.

+WE SOLD TWO LOTS IN 1976 AND ANOTHER TWO MAY BECOME AVAILABLE LATER THIS YEAR.+

MR. HEALY SAID QUITE A NUMBER OF SITES WILL BE AVAILABLE THIS YEAR ON LANTAU.

+THREE LOTS WILL BE DISPOSED OF BY AUCTION IN APRIL AND EIGHT OTHERS BY TENDER TO LAND EXCHANGE ENTITLEMENT HOLDERS TO FIT IN WITH THE OVERALL DEVELOPMENT PLAN FOR THE DISTRICT,+ HE SAID.