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FRIDAY, JULY 25, 1980
FOUR NEW TERRITORIES SITES TO BE AUCTIONED
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THE GOVERNMENT IS TO AUCTION FOUR SITES TOTALLING MORE THAN 22 000 SQUARE METRES IN TSUEN WAN AND SHA TIN.
THE TSUEN WAN SITE, MEASURING 4 600 SQUARE METRES, IS ON CASTLE PEAK ROAD AND IS FOR DEVELOPMENT AS A BUS TERMINUS WHICH WILL BE LINKED BY A PEDESTRIAN WALKWAY TO THE ADJACENT MASS TRANSIT RAILWAY STATION.
THE AREA OVER THE BUS TERMINUS WILL BE FOR NON-INDUSTRIAL DEVELOPMENT, EXCLUDING RESIDENTIAL OR HOTEL USE. IT WILL BE THE FIRST DEVELOPMENT OF ITS KIND IN THE AREA.
SALE CONDITIONS SPECIFY THAT THE TERMINUS IS TO BE COMPLETED BEFORE AUGUST 30, 1982.
DEVELOPMENT OVER THE TERMINUS CARRIES A BUILDING COVENANT OF $100 MILLION TO BE COMPLETED WITHIN 48 MONTHS. IT HAS A PLOT RATIO
OF 12.5.
THE THREE SHA TIN LOTS ARE FOR RESIDENTIAL, NON-INDUSTRIAL AND INDUSTRIAL/GODOWN DEVELOPMENT.
THE RESIDENTIAL SITE, SITUATED BETWEEN THE CHINESE UNIVERSITY RAILWAY STATION AND THE RACE COURSE, MEASURES 13 160 SQUARE METRES. IT IS FOR VILLA-TYPE HOUSES.
IT HAS A PLOT RATIO OF 0.4 AND A BUILDING COVENANT OF
$8.2 MILLION TO BE FULFILLED WITHIN 48 MONTHS.
LOCATED IN THE TOWN CENTRE, THE NON-INDUSTRIAL SITE IS 2 271 SQUARE METRES. IT HAS A BUILDING COVENANT OF $13.6 MILLION TO BE FULFILLED WITHIN 48 MONTHS.
THE SITE FOR INDUSTRIAL/GODOWN DEVELOPMENT IS NEAR FO TAN AND MEASURES 2 153 SQUARE METRES.
CONDITIONS OF SALE SPECIFY A PLOT RATIO OF 9.5 AND A BUILDING COVENANT OF $15.34 MILLION TO BE FILFILLED WITHIN 48 MONTHS.
THE AUCTION WILL BE HELD AT THE CITY HALL THEATRE ON WEDNESDAY, AUGUST 13, AT 11 AM.
DETAILS OF THE FOUR LOTS ARE PUBLISHED IN THE GAZETTE TODAY (FRIDAY).
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