XN000022-1980-03-19 — Page 2

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WEDNESDAY, MARCH 19, 1980

NTA ANNOUNCES BIG INCREASE IN LAND SALES PROGRAMME

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THE NEW TERRITORIES ADMINISTRATION ANNOUNCED TODAY (WEDNESDAY) IT PLANS A BIG INCREASE IN THE AMOUNT OF LAND TO BE PUT ON THE MARKET IN THE SIX MONTHS PERIOD BEGINNING APRIL 1.

AN NTA SPOKESMAN SAID 38 SITES TOTALLING MORE THAN 20 HECTARES IN AREA WOULD BE OFFERED FOR SALE BY AUCTION, BY TENDER TO HOLDERS OF LAND EXCHANGE ENTITLEMENTS AND BY CASH TENDER.

SEPTEMBER, 1979 TO

HE SAID IN THE PREVIOUS SIX MONTHS - SEPTEMBER MARCH, 1980 THE AMOUNT OF LAND PUT ON THE MARKET WAS JUST OVER 14 HECTARES.

THE LAND TO BE MARKETED IN THE NEXT SIX MONTHS WILL BE FOR RESIDENTIAL, NON-INDUSTRIAL, INDUSTRIAL, COMMERCIAL AND

COMMERCIAL/RESIDENTIAL PURPOSES.

IT TOTALS 202 492.7 SQUARE METRES.

SIXTEEN OF THE SITES ARE IN SHA TIN, INCLUDING THE LARGEST, MEASURING 26 219 SQUARE METRES, WHICH IS EARMARKED FOR COMMERCIAL DEVELOPMENT INCLUDING A BUS TERMINUS.

TUEN MUN, SAI KUNG AND YUEN LONG WILL EACH PROVIDE SIX SITES AND THE REMAINING SITES ARE AT CHEUNG CHAU, LANTAU, TSUEN WAN AND TSING YI.

TWO AUCTIONS ARE PLANNED TO TAKE PLACE IN JUNE AND AUGUST. IN JUNE, FOUR SITES TOTALLING 14 370 SQUARE METRES IN AREA WILL BE OFFERED. THE LARGEST, MEASURING 11 700 SQUARE METRES, IS AT CHEUNG SHA, SOUTH LANTAŬ, AND IS FOR RESIDENTIAL PURPOSES. TWO RESIDENTIAL SITES - ONE ON CHEUNG CHAU (910 SQUARE METRES) AND ONE IN SHA TIN (680 SQUARE METRES) - AND A 1 080 SQUARE METRES INDUSTRIAL SITE IN TUEN MUN WILL ALSO BE SOLD AT THIS AUCTION.

IN AUGUST, SIX SITES MEASURING IN TOTAL 15 562 SQUARE METRES ARE TO BE AUCTIONED. ONE IS A COMMERCIAL SITE OVER A BUS TERMINUS IN TSUEN WAN MEASURING 3 400 SQUARE METRES. TWO ARE IN SHA TIN, ONE MEASURING 2 192 SQUARE METRES FOR COMMERCIAL/RESIDENTIAL DEVELOPMENT AND ANOTHER MEASURING 2 485 SQUARE METRES FOR INDUSTRIAL PURPOSES. THE REMAINING THREE SITES, IN SAJ KUNG, ARE FOR INDUSTRIAL USAGE. THEY TOTAL 7 485 SQUARE METRES IN AREA.

HOLDERS OF LAND EXCHANGE ENTITLEMENTS WILL BE ABLE TO TENDER FOR 27 SITES TOTALLING 170 820.7 SQUARE METRES IN AREA. THE TENDERS ARE DUE TO TAKE PLACE ON MAY 23, JULY 18, AND SEPTEMBER 19

IN MAY, FIVE SITES MEASURING 25 456 SQUARE METRES, OF WHICH THREE ARE RESIDENTIAL, WILL BE TENDERED.

FOUR OF THE SITES - TWO RESIDENTIAL AND TWO INDUSTRIAL ARE IN SHA TIN AND THE REMAINING SITE, FOR RESIDENTIAL PURPOSES, IS IN TUEN MUN, THE RESIDENTIAL SITES MEASURE 16 139 SQUARE METRES AND THE INDUSTRIAL SITES 9 317 SQUARE METRES.

/IN JULY,.....