XN000022-1979-03-17 — Page 5

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SATURDAY, MARCH 17, 1979

MORE LAND FOR SALE AT TUEN MUN NEW TOWN

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THREE LOTS OF CROWN LAND TOTALLING 5,428 SQUARE METRES IN TUEN MUN NEW TOWN WILL BE AVAILABLE SOON FOR BOTH INDUSTRIAL AND RESIDENTIAL-COMMERCIAL DEVELOPMENT.

THE SENIOR ESTATE SURVEYOR OF THE TUEN MUN DISTRICT OFFICE MR. VICTOR LEUNG, SAID TODAY (SATURDAY) THE GOVERNMENT PLANNED TO SELL TWO LOTS BY PUBLIC AUCTION WHILE A COMMERCIAL-RESIDENTIAL SITE WOULD BE SOLD BY TENDER TO OWNERS OF LAND EXCHANGE ENTITLEMENTS.

THE AUCTION WILL BE HELD AT THE ST. SIMON LUI MING CHOI SECONDARY SCHOOL IN TUEN MUN ON TUESDAY (MARCH 20), STARTING AT 2.30 P.M.

THE FIRST INDUSTRIAL SITE AT THE JUNCTION OF SHEK PAI TAU ROAD AND MING KUM ROAD, MEASURES ABOUT 2,935 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $4,740,000 OVER 30 MONTHS.

THE SECOND LOT, SITUATED ALONG CASTLE PEAK ROAD NEAR SAM SHING HUI, MEASURES ABOUT 1,600 SQUARE METRES AND CARRIES A BUILDING COVENANT OF $3,440,000 OVER 48 MONTHS. THIS SITE IS EARMARKED FOR RESIDENTIAL AND COMMERCIAL DEVELOPMENT.

MR. LEUNG SAID THAT HE WAS CONFIDENT OF THE CONTINUING INTEREST FROM ENTREPRENEURS IN THE INVESTMENT PROSPECTS OF THE NEW TOWN.

+JUDGING FROM THE LARGE NUMBER OF INQUIRIES ABOUT THE LOTS THERE WILL BE KEEN INTEREST IN THE LAND AUCTION, HE SAID.

+THERE IS ALSO PLENTY OF INTEREST IN COMMERCIAL-RESIDENTIAL SITES AND FLATS IN RECENTLY COMPLETED MULTI-STOREY RESIDENTIAL BUILDINGS HAVE SOLD OUT ON THE FIRST DAY.+

THE LOT WHICH IS AVAILABLE TO LAND EXCHANGE ENTITLEMENT HOLDERS IS LOCATED AT THE JUNCTION OF CASTLE PEAK ROAD AND PUI TO ROAD IN SAN HUI.

MEASURING ABOUT 893 SQUARE METRES, IT CARRIES A BUILDING COVENANT OF $1,900,000 TO BE FULFILLED WITHIN 36 MONTHS AND WILL BE USED FOR NON-INDUSTRIAL PURPOSES ONLY.

APPLICATION FOR THIS LOT MUST BE SUBMITTED TO THE SECRETARY FOR THE NEW TERRITORIES BY NOON ON MARCH 30 THIS YEAR AND SHOULD BE PLACED IN THE APPLICATION BOX IN THE RECEPTION LOBBY OF THE NEW TERRITORIES ADMINISTRATION, FIFTH FLOOR, HOUSING AUTHORITY HEADQUARTERS BUILDING, 101 PRINCESS MARGARET ROAD, KOWLOON.

MR. LEUNG POINTED OUT THAT THE INDUSTRIAL BOOM IN THE LAST FEW YEARS HAS SEEN A TOTAL OF 26 NEW FACTORY BUILDINGS COMPLETED IN TUEN MUN NEW TOWN AND ANOTHER 19 CURRENTLY UNDER CONSTRUCTION.

CONSTRUCTION WORK ON THREE OTHER SITES IS DUE TO COMMENCE

SHORTLY.

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