XN000022-1982-07-13 — Page 5

TUESDAY, JULY 13, 1982 ·

TUEN MUN SITE GRANTED FOR DEVELOPMENT

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THE LANDS DEPARTMENT HAS GRANTED A THREE-HECTARE SITE IN TUEN MUN TO SUNG YIK COMPANY LTD. FOR THE DEVELOPMENT OF A SELF-CONTAINED COMPREHENSIVE INDUSTRIAL ESTATE.

THE DEVELOPMENT SCHEME IS THE FIRST OF ITS KIND IN HONG KONG.

THE DISTRICT LANDS OFFICER, TUEN MUN, MR RON CROSS, SAID HE WAS ENCOURAGED BY THE INTEREST SHOWN BY DEVELOPERS.

+ THE SITE WAS PUT OUT TO CASH TENDER EARLIER THIS YEAR AND THE INTEREST SHOWN IN THE DEVELOPMENT SCHEME FULLY DEMONSTRATED THE CONFIDENCE IN THE LONG TERM FUTURE OF THE RAPIDLY GROWING TUEN MUN NEW TOWN, HE SAID.

+SIMILAR SCHEMES MIGHT BE CONSIDERED ELSEWHERE IN HONG KONG IN THE FUTURE.+

MR CROSS SAID THAT AFTER CONSIDERING THE TENDERS AND MASTER PLANS RECEIVED, THE SUBMISSION BY SUNG YIK COMPANY LTD., A SUBSIDIARY OF NAN FUNG DEVELOPMENT LTD., WAS ACCEPTED BECAUSE IT DISPLAYED AN EXCELLENT UNDERSTANDING OF THE PHILOSOPHY UNDERLYING THE CONCEPT OF A COMMUNAL INDUSTRIAL DEVELOPMENT AND TENDERED THE HIGHEST PREMIUM.

THE DEVELOPMENT CONDITIONS CALL FOR THE PROVISION OF 150 000 SQUARE METRES OF INDUSTRIAL FLOOR SPACE AND A CENTRAL SERVICES BUILDING FOR PARKING AND ANCILLARY USES SUCH AS A BANK, RESTAURANT, OFFICES, CLINIC, CHILD CARE CENTRE AND POLICE REPORTING CENTRE. SOME RECREATIONAL FACILITIES WILL HAVE TO BE PROVIDED FOR FACTORY WORKERS.

UNDER THE LEASE CONDITIONS, THE DEVELOPER IS ALSO REQUIRED TO ENSURE THAT THE ESTATE BUILDINGS AND COMMON AREAS ARE PROPERLY MAINTAINED.

REFERRING TO THE MASTER PLANS SUBMITTED BY SUNG YIK CO. LTD., MR CROSS SAID, THEY PROVIDED FOR FOUR 19-STOREY FACTORY BUILDINGS SERVED BY A SIX-STOREY CENTRAL SERVICES BUILDING WITH A TWO-STOREY URBAN PLAZA LINKED TO A FIVE-STOREY CAR PARK.

→THE FIRST OF THE FACTORY BUILDINGS TOGETHER WITH THE CENTRAL SERVICES BUILDING WILL BE COMPLETED BY 1987 AND THE OVERALL DEVELOPMENT IN 1989, + HE ADDED.

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