MONDAY, AUGUST 4, 1980
4
TSUEN WAN COMMERCIAL SITE TO BE AUCTIONED
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CONSIDERABLE INTEREST IS EXPECTED FROM DEVELOPERS WHEN THE FIRST WHOLLY COMMERCIAL SITE IN TSUEN WAN IS OFFERED FOR SALE ON AUGUST 13.
THE SITE, MEASURING 4 600 SQUARE METRES, FRONTS CASTLE PEAK ROAD WITH THE MASS TRANSIT RAILWAY STATION SITE IMMEDIATELY BEHIND.
ITS GROUND LEVEL IS FOR A BUS TERMINUS WHICH WILL BE LINKED BY COVERED PEDESTRIAN WALKWAYS TO THE MTR STATION AND NEIGHBOUR ING BUILDINGS.
THE AREA OVER THE TERMINUS WILL BE SOLELY FOR COMMERCIAL DEVELOPMENT, EXCLUDING HOTEL USE.
A SPOKESMAN FOR THE NEW TERRITORIES ADMINISTRATION SAID THE NORMAL PLOT RATIO FOR NON-DOMESTIC BUILDINGS IN THE NEW TERRITORIES WAS 9.5.
IN THIS INSTANCE, THE RATIO HAD BEEN RAISED TO 12.5 TO ALLOW FOR THE BUILDING OF THE BUS TERMINUS. AS A FURTHER CONCESSION, THE BUS TERMINUS WILL NOT COUNT FOR GROSS FLOOR AREA PURPOSES.
UNDER SALE CONDITIONS, THE TERMINUS SHOULD BE COMPLETED BEFORE JUNE 30, 1982.
DEVELOPMENT OVER THE TERMINUS CARRIES A BUILDING COVENANT OF $100 MILLION TO BE COMPLETED WITHIN FOUR YEARS.
THE AUCTION WILL BE AT THE CITY HALL THEATRE ON WEDNESDAY, AUGUST 13, AT 11 AM.
THREE SHA TIN SITES TOTALLING MORE THAN 17 600 SQUARE METRES WILL ALSO BE AUCTIONED. THEY ARE FOR RESIDENTIAL, NON-INDUSTRIAL AND INDUSTRIAL/GODOWN DEVELOPMENT,
SHA TIN TO HAVE CYCLE TRACK NET WORK
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WHEN SHA TIN CYCLE TRACK IS OPENED IN OCTOBER, CYCLISTS WHO CONTINUE TO USE MAIN ROADS NEXT TO IT WILL BE BREAKING THE LAW AND ARE LIABLE TO PROSECUTION.
A SPOKESMAN FOR THE NEW TERRITORIES ADMINISTRATION SAID TODAY (MONDAY) THE PURPOSE OF THE TRACK WAS TO MAKE CONDITIONS A GREAT DEAL SAFER FOR CYCLISTS AND APPEALED TO THEM TO USE IT FULLY.
HE SAID THE TRACK WOULD BE 11 KILOMETRES LONG INITIALLY, BUT WOULD EVENTUALLY BE EXTENDED OVER A DISTANCE OF 47.5 KILOMETRES WHEN FULLY COMPLETED. IT WILL LINK TAI WAI WITH FO TAN.
THE CYCLE TRACK IS DESIGNED TO MAKE IT EASILY ACCESSIBLE TO PEOPLE IN THE MAJOR HOUSING AND INDUSTRIAL ESTATES IN SHA TIN.
THE TRACK
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