XN000022-1981-05-22 — Page 4

FRIDAY, MAY 22,

MAY 22, 1981**

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TUEN MUN HOS SITE AWARDED

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A LARGE SITE IN TUEN MUN FOR HOME OWNERSHIP SCHEME DEVELOPMENT HAS BEEN AWARDED FOR A PREMIUM OF $303.3 MILLION.

THE 5.3 HECTARE SITE, SITUATED NEAR BUTTERFLY BEACH AND LUNG MUN ROAD, WAS PUT UP FOR CASH TENDER IN JANUARY FOLLOWING FAILURE. TO ATTRACT BIDS WHEN OFFERED PREVIOUSLY TO HOLDERS OF LAND EXCHANGE ENTITLEMENTS (LETTERS A AND B).

GOLD QUEEN LIMITED, A SUBSIDIARY OF NEW WORLD DEVELOPMENT COMPANY LIMITED, OUTBID FOUR OTHER COMPANIES FOR THE SITE.

SECRETARY FOR THE NEW TERRITORIES, MR DAVID AKERS-JONES, TODAY (FRIDAY) PRESENTED A LETTER, MAKING THE FORMAL AWARD, TO MR CHENG YU-TUNG, MANAGING DIRECTOR OF NEW WORLD DEVELOPMENT COMPANY LIMITED.

WORK ON THE SCHEME WILL BEGIN AROUND THE END OF THIS YEAR AND BE COMPLETED BY JULY, 1983. THE SITE CARRIES A BUILDING COVENANT OF $216 MILLION.

THE DEVELOPER IS REQUIRED TO BUILD 2 100 TO 2 300 RESIDENTIAL UNITS IN SIZES FROM 50 SQUARE METRES TO 80 SQUARE METRES.

SHOPPING FACILITIES AND PARKING SPACES WILL BE PROVIDED.

THE FLATS WILL BE SOLD AT PRICES TO BE FIXED BY THE DIRECTOR OF HOUSING.

TAI HING WEEK BEGINS TOMORROW

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A SERIES OF ACTIVITIES AIMED AT ENCOURAGING RESIDENTS'

INTEREST IN COMMUNITY AFFAIRS AND TRANSPORT DEVELOPMENT IN TUEN MUN NEW TOWN WILL BEGIN TOMORROW (SATURDAY).

THE SEVEN-DAY PROGRAMME IS BEING ORGANISED BY THE LOCAL AFFAIRS COMMITTEE AND A TRANSPORT GROUP OF TAI KING ESTATE FOR THE SEVEN BLOCKS' 40 000 RESIDENTS.

A VARIETY SHOW, THE FIRST EVENT OF TAI HING WEEK WILL BE OPENED BY THE DISTRICT OFFICER, MR BILLY LAM, IN AN AREA NEAR TAI HING COMMERCIAL COMPLEX AT 3.30 PM.

THERE WILL

PERFORMANCES WILL INCLUDE LION DANCES, SINGING, DRAMA, MARTIAL ARTS, FENCING AND A POLICE DOG DEMONSTRATION. ALSO BE A LUCKY DRAW.

AN EXHIBITION ON TRANSPORT DEVELOPMENT IN THE NEW TOWN WILL BE HELD.

OTHER EVENTS DURING THE WEEK INCLUDE A CONCERT, FOLK SONG NIGHT, CHILDREN'S GAMES DAY AND ESSAY AND LOGO DESIGN COMPETITIONS.

THE CLOSING CEREMONY WILL BE HELD ON MAY 30 (SATURDAY) AT THE CARITAS HALL.

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