WEDNESDAY, AUGUST 29, 1979
+
LUXURY FLATS TO BE BUILT ON SHA TIN KCR PODIUM
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THE GOVERNMENT HAS APPROVED IN PRINCIPLE PLANS TO BUILD MORE THAN 570 LUXURY FLATS OF BETWEEN 170 SQUARE METRES (1 830 SQUARE FEET) AND 224 SQUARE METRES (2 415 SQUARE FEET) ABOVE THE PROPOSED KOWLOON-CANTON RAILWAY DEPOT AT SHA TIN.
THE PLANS HAVE BEEN DRAWN UP BY YEE PANG REALTY LTD. -- A JOINT VENTURE BETWEEN CHEUNG KONG (HOLDINGS) LTD. AND KIU KWONG INVESTMENT LTD. -- WHICH RECENTLY WON AN OPEN TENDER FOR HOUSING DEVELOPMENT ON THE 2.7-HECTARE, GOVERNMENT-BUILT PODJUM SITE WITH A BID OF $383 MILLION.
AT A CEREMONY IN THE NEW TERRITORIES ADMINISTRATION HEADQUARTERS THIS (WEDNESDAY) MORNING, THE SECRETARY FOR THE NEW TERRITORIES, MR. DAVID AKERS-JONES, FORMALLY SIGNED THE LEASE CONDITIONS GOVERNING THE PRESTIGE PROJECT.
SIGNING ON BEHALF OF YEE PANG WERE MR. LI KA-SKING CHAIRMAN OF CHEUNG KONG (HOLDINGS) LTD., AND MR. LIANG SIEN, MANAGING DIRECTOR OF KIU KWONG INVESTMENT LTD.
THE WINNING TENDER WAS ANNOUNCED ON JULY 9 AND THE COMPANY HAS NOW SUBMITTED PROPOSALS TO THE GOVERNMENT FOR IMPLEMENTING A LUXURY HOUSING SCHEME FOR THE NEW TOWN.
MR. AKERS-JONES SAID THE PLANS INCLUDED 528 FLATS WITH AN AVERAGE GROSS AREA OF 224 SQUARE METRES IN EIGHT 33-STOREY TOWER BLOCKS WHICH WOULD COMMAND SWEEPING VIEWS OF THE RACECOURSE TO THE NORTH AND THE NEW TOWN TO THE SOUTH.
THE DEVELOPMENT WOULD ALSO HAVE A 12-STOREY RESIDENTIAL BLOCK WITH 48 DUPLEX UNITS OF 170 SQUARE METRES EACH ABOVE A COMMERCIAL-COMMUNITY COMPLEX.
+THE COMPANY HAS SUBMITTED BOLD AND IMAGINATIVE PROPOSALS FOR TOP-CLASS HOUSING THAT BLEND IN PERFECTLY WITH THE CONCEPT OF DEVELOPING A BALANCED NEW TOWN AT SHA TIN, MR. AKERS-JONES SAID.
+THE PROPOSALS ARE A TIMELY ADDITION TO THE PRESENT AND FUTURE STOCK OF HIGH-CLASS PRIVATE RESIDENTIAL FLATS THAT ARE SO MUCH IN DEMAND IN HONG KONG GENERALLY,+
MR. AKERS-JONES SAID THE PROJECT WOULD BE SELF-CONTAINED WITH LANDSCAPING AND A VARIETY OF COMMUNITY AND RECREATIONAL FACILITIES SUCH AS A SWIMMING POOL,
/+IT WILL.
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