XN000022-1979-07-30 — Page 2

MONDAY, JULY 30, 1979

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PRIME TOWN HOUSE SITE FOR SALE AT SHA TIN

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THE GOVERNMENT IS TO SELL A PRIME TOWN HOUSE SITE ON THE NORTH-WESTERN SIDE OF SHA`TIN VALLEY BY PUBLIC AUCTION ON THURSDAY.

THE 724 SQUARE METRE SITE IS SITUATED MIDWAY BETWEEN THE WESTERN END OF THE SHA TIN RACE COURSE AND THE CHINESE UNIVERSITY

IN AN AREA KNOWN AS THE JARDINE'S LOOKOUT OF SHA TIN+.

ACCORDING TO THE SENIOR ESTATE SURVEYOR OF THE SHA TIN DISTRICT OFFICE, MR. DON SMITH, THE GOVERNMENT INTENDS TO DEVELOP THIS AREA INTO A LOW-DENSITY TOP-CLASS RESIDENTIAL ZONE,

+IT COMMANDS AN EXCELLENT VIEW OF THE RACE COURSE AND TIDE COVE IN ADDITON TO BEING SURROUNDED BY A GREEN BELT,+ MR. SHITH SAID,

THE AREA SHOULD BE A PLEASANT PLACE TO LIVE IN BECAUSE OF ITS GOOD LOCATION AND DIRECT ACCESS TO KOWLOON VIA THE SHA TIN TRUNK ROAD, HE SAID.

THE SITE CARRIES A BUILDING CONVENANT OF $110,000 TO BE FULFILLED WITHIN 36 MONTHS.

THE SALE CONDITION STIPULATES A PLOT RATIO OF 0.4 AND THE ÀREA APPLICABLE FOR THE CALCULATION OF THE PLOT RATIO IS 674 SQUARE METRES.

THE SITE, THE FIRST IN THE AREA PUT ON THE MARKET, IS EXPECTED TO STIMULATE GREAT INTEREST FROM LOCAL DEVELOPERS IN VIEW OF THE HEAVY DEMAND FOR LAND FOR HIGH CLASS RESIDENTIAL DEVELOPMENT, MR. SMITH SAID.

+WE PLAN TO SELL ANOTHER SIX LOTS IN THE SAME AREA BY TENDER TO HOLDERS OF LAND EXCHANGE ENTITLEMENTS IN SEPTEMBER THIS YEAR.

+THEIR SIZES RANGE FROM 740 TO 9,960 SQUARE METRES AND ALL ARE EARMARKED FOR TWO-STOREY TOWN HOUSE DEVELOPMENT, HE ADDED.

THE AUCTION WILL TAKE PLACE AT THE SHA TIN GOVERNMENT SECONDARY SCHOOL AT 11 A.M. ON THURSDAY.

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

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