XN000022-1981-01-04 — Page 2

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SUNDAY, JANUARY 4, 1981

PRIME TAI PO SITE FOR SALE

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A PRIME SITE IN TAI PO NEW TOWN FOR RESIDENTIAL AND COMMERCIAL DEVELOPMENT WILL BE MADE AVAILABLE IN AN AUCTION AT THE ARTS CENTRE ON JANUARY 14.

THE 5 000 SQUARE-METRE SITE, WHICH CARRIES A BUILDING COVENANT OF $32 MILLION, IS THE FIRST OF NINE SITES IN THE TOWN CENTRE TO COME ON THE MARKET OVER THE NEXT THREE YEARS.

A SPOKESMAN FOR THE NEW TERRITORIES ADMINISTRATION SAID, KEEN BIDDING IS EXPECTED FOR THIS VALUABLE SITE AS IT IS ANTICIPATED THAT MANY DEVELOPERS WANT TO BE IN AT THE START OF THE DEVELOPMENT OF TAI PO INTO A NEW TOWN OF 250 000 PEOPLE. THE PRESENT POPULATION IS 60 000.

THE GOVERNMENT HAS EMPLOYED CONSULTANTS TO DESIGN THE TOWN CENTRE AND DEVELOPERS WILL BE REQUIRED BY LEASE CONDITIONS TO CONFORM TO THIS DESIGN.

ALTOGETHER, THE TOWN CENTRE WILL OCCUPY AN AREA OF 41.6 HECTARES WHEN COMPLETED BEFORE THE END OF THE DECADE. THE WHOLE OF THE NEW TOWN WILL COVER MORE THAN 2 300 HECTARES.

THE TOWN CENTRE, MUCH OF WHICH ON LAND RECLAIMED FROM TOLO HARBOUR, WILL BE MAINLY FOR RESIDENTIAL AND COMMERCIAL DEVELOPMENT.

THE RESIDENTIAL DEVELOPMENT WILL BE HIGH RISING IN 15, 20 AND 30-STOREY TOWER BLOCKS BUILT OVER PODIUM STRUCTURES.

BUILT.

NEARLY 6 500 FLATS PROVIDING HOMES FOR 29 000 PEOPLE WILL BE

THE COMMERCIAL DEVELOPMENT WILL MAKE AVAILABLE SHOP SPACE TOTALLING 92 400 SQUARE METRES AT PODIUM LEVELS LINKED BY INTERNAL MALLS AND PEDESTRIAN BRIDGES.

CORRIDORS WILL ALSO BE BUILT ACROSS THE LAM TSUEN RIVER WHICH WILL RUN THROUGH THE MIDDLE OF THE TOWN CENTRE.

A CULTURAL COMPLEX, AN INDOOR SPORTS CENTRE, A SOCCER PITCH, A MARKET, SCHOOLS, OPEN AREAS AND CAR PARKING SPACES WILL ALSO BE INCLUDED IN THE TOWN CENTRE DEVELOPMENT.

AN INDUSTRIAL ESTATE IS BEING CONSTRUCTED AT TAI PO AND SEVERAL FACTORIES ARE ALREADY OPERATING THERE.

THE TOWN WILL LINK WITH SHA TIN BY A COASTAL HIGHWAY, INCREASING ITS ATTRACTIVENESS AS A PLACE TO LIVE AND WORK.

TAI PO IS ONE OF SIX NEW TOWNS BEING DEVELOPED IN THE NEW TERRITORIES WHICH WILL EVENTUALLY HAVE A POPULATION OF 2.5 MILLION.

THE AUCTION OF THIS SITE TOGETHER WITH FOUR OTHER NEW TERRITORIES LOTS WILL BE HELD IN THE SHOUSON THEATRE, THE ARTS CENTRE, ON JANUARY 14 (WEDNESDAY) STARTING AT 11 AM.

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