XN000022-1979-06-24 — Page 4

SUNDAY, JUNE 24, 1979

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RES IDENTIAL-INDUSTRIAL SITES FOR AUCTION IN NT

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TWO SITES IN THE NEW TERRITORIES, ONE ON LANTAU ISLAND AND THE OTHER IN SAI KUNG, WILL BE PUT ON THE MARKET EARLY NEXT MONTH.

THE SITE ON LANTAU, EARMARKED FOR PRIVATE RESIDENTIAL DEVELOPMENT, IS SITUATED IN CHEUNG SHA.

THE SAI KUNG LOT IS AT TUI MIN HOI AND IS RESTRICTED FOR INDUSTRIAL AND GODOWN USE ONLY.

THE CHIEF ESTATE SURVEYOR OF THE NEW TERRITORIES ADMINISTRATION, MR. NIGEL BURLEY, SAID TODAY (SUNDAY) THAT BOTH SITES WOULD BE DISPOSED OF BY PUBLIC AUCTION AT THE CITY HALL THEATRE AT 11 A.M. ON JULY 11, 1979.

+CHEUNG SHA IS AN IDEAL AREA FOR HIGH QUALITY HOUSING IN THE ISLANDS DISTRICT AS REFLECTED BY THE INCREASING INTERESTS OF DEVELOPERS,+ MR. BURLEY SAID.

*THE LOT, FRONTING SOUTH LANTAU ROAD, MEASURES 960 SQUARE METRES AND HAS AN EXCELLENT VIEW OF THE SEA.

+FURTHERMORE, IT IS ONLY A FEW MINUTES' WALK AWAY FROM THE CHEUNG SHA BEACH. +

HE NOTED THAT A SITE IN THE SAME AREA WAS SOLD FOR MORE THAN $1,890 PER SQUARE METRE IN A PUBLIC AUCTION IN JANUARY THIS YEAR.

THE LOT IN SAI KUNG, MEASURING 1,719 SQUARE METRES, IS THE FIRST INDUSTRIAL SITE IN THE DISTRICT PUT UP FOR SALE.

+IT IS CONVENIENTLY LOCATED AT TUI MIN HOT WITH GOOD CONNECTION TO THE CLEAR WATER BAY ROAD WHICH IS BEING WIDENED TO A DUAL TWO-LANE CARRIAGEWAY TO COPE WITH THE TRAFFIC,+ MR. BURLEY SAID.

+THE LOT CARRIES A BUILDING COVENANT OF $2.78 MILLION TO BE FULFILLED WITHIN 36 MONTHS AND A PLOT RATIO OF FOUR WHICH ALLOWS FOR THE CONSTRUCTION OF FACTORY BUILDING UP TO FOUR STOREYS HIGH.

+THERE ARE NO RESTRICTIONS ON THE TYPE OF INDUSTRIAL USER EXCEPT THAT IT MUST BE NON-POLLUTING.+

HE ANTICIPATED THAT LOCAL RESIDENTS WOULD PROVIDE

AN ADEQUATE POOL OF LABOUR AS A LARGE NUMBER OF SAI KUNG PEOPLE GO TO WORK IN THE URBAN AREA EACH DAY.

FULL PARTICULARS AND CONDITIONS OF SALE OF THE

TWO SITES MAY BE OBTAINED FROM, AND SALE PLANS INSPECTED AT, THE NEW TERRITORIES ADMINISTRATION HEADQUARTERS ON THE FIFTH FLOOR OF THE HONG KONG HOUSING AUTHORITY BUILDING, 101 PRINCESS MARGARET ROAD, AND AT ANY OF ITS SEVEN DISTRICT OFFICES.

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