THURSDAY, DECEMBER 20, 1979
THE USABLE FLOOR AREA OF NEW BUILDINGS COMPLETED LAST MONTH TOTALLED 277 509.6 SQUARE METRES, COMPRISING 74 431.4 SQUARE METRES OF DOMESTIC FLOOR AREA AND 203 078.2 SQUARE METRES OF NON-DOMESTIC FLOOR AREA.
THE BUILDINGS ORDINANCE OFFICE ALSO GAVE CONSENT FOR WORK TO START ON 54 PROJECTS, INCLUDING A BUILDING OF THE HONG KONG POLYTECHNIC, A SCHOOL IN KWUN TONG, AND ANOTHER SCHOOL IN SHA TIN.
A TOTAL OF 58 NEWLY COMPLETED BUILDINGS WERE CERTIFIED FOR OCCUPATION DURING THE MONTH, INCLUDING A SCHOOL IN SAU MAU PING, A CHINESE PAVILION AT THE CHINESE UNIVERSITY OF HONG KONG, AND A SCHOOL PLAYGROUND AT SAI YING POON.
THE BUILDINGS ORDINANCE OFFICE ALSO ASSENTED TO THE DEMOLITION OF 97 BUILDINGS.
SHA TIN SITES SOLD
***
TWO SITES IN SHA TIN NEW TOWN, FOR LOW-DENSITY RESIDENTIAL DEVELOPMENT, FETCHED RECORD PRICES IN THE AREA WHEN THEY WERE AUCTIONED BY THE GOVERNMENT TODAY (THURSDAY).
THE FIRST SITE, AT LOK LO HA, MEASURING 2 579 SQUARE METRES, WAS SOLD TO YEE CHEONG COMPANY LTD. FOR $13 MILLION, REALISING $6 329 PER SQUARE METRE.
THE SECOND SITE, AT KAU TO, WAS SOLD FOR $7 MILLION. THE SUCCESSFUL BIDDER, SWEENEY INVESTMENT LTD., PAID $6 930 PER SQUARE METRE FOR THE 1 010-SQUARE METRE SITE.
THE AUCTIONEER, SENIOR ESTATE SURVEYOR OF SHA TIN DISTRICT OFFICE, MR. ROGER THOMPSON, DESCRIBED THE PRICES AS +VERY SATISFACTORY.
MR. THOMPSON SAID THE RESULTS CLEARLY REFLECTED THE INCREASING DEMAND FOR HIGH QUALITY RESIDENTIAL SITES IN THE NEW TOWN.
BIDDING FOR THE LOK LO HA SITE STARTED AT $6 MILLION.
THE SITE COMMANDS AN EXCELLENT VIEW OF SHA TIN RACE COURSE. IT HAS A PLOT RATIO OF 1 WHICH IS BASICALLY FOR FOUR-STOREY DEVELOPMENT. THE BUILDING COVENANT OF $1.44 MILLION IS TO BE FULFILLED WITHIN 36 MONTHS.
BIDDING FOR THE KAU TO SITE STARTED AT $2.5 MILLION. IT HAS A PLOT RATIO OF ONLY 0.4 WHICH IS BASICALLY FOR TWO-STOREY DEVELOPMENT. THE BUILDING COVENANT, TO BE FULFILLED WITHIN 36 MONTHS ALSO, IS $160 000.
TODAY'S AUCTION WAS THE THIRD THIS YEAR OF RESIDENTIAL LAND IN THE NEW TOWN.
IN SEPTEMBER
No comments yet.
Private notes are available after approval.