XN000022-1980-06-12 — Page 8

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THURSDAY, JUNE 12, 1980

THE PURCHASER WAS ROAD TRY LIMITED WHO WILL BE REQUIRED UNDER THE CONDITIONS OF SALE TO BUILD SMALL FACTORY UNITS NOT EXCEEDING 75 SQUARE METRES IN AREA. A BUILDING CONVENANT OF $1.74 MILLION HAS TO BE FULFILLED BY JUNE 30, 1983.

A 645 SQUARE METRE RESIDENTIAL SITE IN SHA TIN WITH A PLOT RATIO OF ONLY 0.4 WAS SOLD FOR $3.2 MILLION ($4 961 PER SQUARE METRE), WITH BIDDING OPENING AT $2.5 MILLION. THE SITE, IN AREA 46 OVERLOOKING THE RACECOURSE, IS FOR DEVELOPMENT OF TWO-STOREY HOUSING. A BUILDING COVENANT OF $520 000 HAS TO BE FULFILLED WITHIN THREE YEARS BY THE BUYER, XONWAKE ENTERPRISES LIMITED.

A 913 SQUARE METRE SITE ON THE SOUTHERN PART OF CHEUNG CHAU ISLAND, WHICH IS ALSO FOR HIGH QUALITY RESIDENTIAL DEVELOPMENT, REALISED $1.5 MILLION ($1 643 PER SQUARE METRE). THE PURCHASEŔ WAS MAXIMUM PROFIT LIMITED, WHICH PUT IN THE ONLY BID. THE SITE, WHICH HAS A BUILDING COVENANT OF $600 000 TO BE FULFILLED WITHIN THREE YEARS, HAS A PLOT RATIO OF 0.6.

THE AUCTION, WHICH TOOK ABOUT ONE HOUR TO COMPLETE, WAS HELD IN THE CITY HALL THEATRE.

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NOTE TO EDITORS:

DRAGON BOAT EYE-DOTTING CEREMONY

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ACTING SECRETARY FOR THE NEW TERRITORIES, MR AUGUSTINE CHUT KAM, AND THE ACTING DIRECTOR OF AGRICULTURE AND FISHERIES, DR C.T. WONG, WILL DOT THE EYES OF TWO NEW DRAGON BOATS AT TAI PO ON SATURDAY (JUNE 14).

THE CEREMONY WILL TAKE PLACE AT 10 AM AT TAI WONG YEH TEMPLE NEAR ISLAND HOUSE, YUEN CHAU TSAI.

AN EXHIBITION RACE BETWEEN THE TWO NEW BOATS WILL BE HELD IMMEDIATELY AFTER THE CEREMONY.

PRESS REPRESENTATIVES WILL LATER BE INVITED TO JOIN A LAUNCH TRIP TO THE NEW RACE VENUE AT SHUEN WAN HOI, ALONG THE MAIN DAM OF PLOVER COVE RESERVOIR, WHERE THE DRAGON BOAT RACES ARE TO BE HELD ON JUNE 17.

YOU ARE INVITED TO SEND MEMBERS OF YOUR STAFF TO COVER THE DRAGON BOAT EYE-DOTTING CEREMONY AT TAI PO ON SATURDAY AND TO JOIN THE LAUNCH TRIP TO THE NEW RACE VENUE. A GOVERNMENT VEHICLE (AM 3214) WILL LEAVE KOWLOON PUBLIC PIER AT 8.45 AM SHARP. MR DONALD STRANGE OF THE NEW TERRITORIES ADMINISTRATION PRESS UNIT WILL HELP MEDIA REPRESENTATIVES.

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