FRIDAY, AUGUST 22, 1980
MAIN SHA TIN COMMERCIAL SITE FOR TENDER
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A MAJOR SITE IN THE HEART OF THE FUTURE SHA TIN NEW TOWN COMMERCIAL CENTRE IS BEING OFFERED FOR SALE BY TENDER TO HOLDERS OF LAND EXCHANGE ENTITLEMENTS ISSUED BY THE NEW TERRITORIES ADMINISTRATION.
DETAILS ARE PUBLISHED IN THE GOVERNMENT GAZETTE TODAY.
THE SITE, SITUATED BETWEEN THE RAILWAY STATION AND SHING MUN RIVER, MEASURES 26 250 SQUARE METRES. DEVELOPMENT WILL FORM THE +CORE+ OF THE TOWN CENTRE IN THE SHAPE OF A COMMERCIAL COMPLEX.
IT CARRIES A BUILDING COVENANT OF $163 MILLION TO BE FULFILLED WITHIN FOUR YEARS. THE GROSS COMMERCIAL FLOOR AREA OF THE COMPLEX WILL BE 90 655 SQUARE METRES.
INCLUDED IN THE AREA OF THE COMPLEX WILL BE TWO BUS STATIONS FOR INTERNAL CITY AND EXTERNAL SERVICES. THERE WILL ALSO BE TWO CINEMAS.
THE COMPLEX WILL BE LINKED BY PASSENGER WALKWAYS TO THE RAILWAY STATION WHICH IS NOW UNDER CONSTRUCTION.
MORE THAN 400 000 PEOPLE ARE EXPECTED TO PASS THROUGH THE TRANSPORT INTERCHANGE EACH DAY BY THE END OF THE DECADE WHEN THE NEW TOWN'S POPULATION IS PROJECTED TO REACH 750 000,
DEVELOPMENT OF THE TOWN CENTRE WILL BE IN FOUR PHASES.
PHASES AND JII WILL BE MAINLY RESIDENTIAL DEVELOPMENT,
PROVIDING HOMES FOR 40 000 TO 50 000 PEOPLE. A SHA TIN DISTRICT OFFICE SPOKESMAN SAID THIS WAS TO GIVE THE TOWN CENTRE +LIFE+ AFTER OFFICE HOURS, + IT IS NOT THE INTENTION THAT THE TOWN CENTRE SHOULD DIE AFTER 5 PM,+ HE SAID.
PHASE IV WILL INCLUDE OFFICE BLOCKS, A MAGISTRACY, A CULTURAL COMPLEX AND A TOWN PARK FRONTING SHING MÜN RIVER.
THE COMMERCIAL COMPLEX, WHICH IS EXPECTED TO BECOME THE REGIONAL SHOPPING CENTRE FOR THE EASTERN NEW TERRITORIES, WILL BE THE SECOND PHASE DEVELOPMENT.
ALSO BEING TENDERED ARE FIVE OTHER SHA TIN SITES, THREE YUEN LONG SITES AND ONE TUEN MUN SITE.
THREE OF THE SHA TIN SITES, MEASURING 3 265, 23 170 AND 22 570 SQUARE METRES, ARE FOR RESIDENTIAL DEVELOPMENT. THE OTHER TWO ARE FOR NON-INDUSTRIAL AND INDUSTRIAL/GODOWN PURPOSES.
THE YUEN LONG SITES ARE LOCATED IN THE CENTRAL AREA OF THE NEW TOWN. THEY ARE FOR NON-INDUSTRIAL DEVELOPMENT.
THE SITE IN TUEN MUN OCCUPIES 1 450 SQUARE METRES AND IS FOR INDUSTRIAL/GODOWN USE.
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