WEDNESDAY, MARCH 30, 1983
OFFICE BLOCKS AND HOTEL FOR SHA TIN NEW TOWN
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THE LANDS DEPARTMENT HAS AWARDED TWO TENDERS TO THE SUN HUNG KA! GROUP FOR THE DEVELOPMENT OF TWO MAJOR SITES IN SHA TIN NEW TOWN.
ONE SITE, MEASURING 5 005 SQUARE METRES AND LOCATED AT PAK HOK TING STREET IN THE TOWN CENTRE, IS FOR THE DEVELOPMENT OF AN OFFICE COMPLEX.
THE OTHER SITE, WITH AN AREA OF 5 219 SQUARE METRES AND SITUATED AT THE JUNCTION OF SHA TIN CENTRE STREET AND PAK HO TING STREET, IS TO BE DEVELOPED INTO A MODERN HOTEL.
TENDER DOCUMENTS FOR THESE TWO SITES WERE OFFICIALLY SIGNED TODAY BETWEEN THE SHA TIN DISTRICT LANDS OFFICER, MR ROGER NISSIM, AND THE CHAIRMAN OF THE SUN HUNG KAI PROPERTIES LIMITED, MR T.S. KWOK.
THE SIGNING CAME ONE DAY AFTER THE LANDS DEPARTMENT HAD AWARDED A TENDER WHICH CALLED FOR THE DEVELOPMENT OF A $1 BILLION MARINA AND HIGH-CLASS RESIDENTIAL AREA IN SO KWAN WAT ADJOINING PEARL ISLAND IN TUEN MUN,
SPEAKING AT THE SIGNING CEREMONY TODAY, MR NISSIM SAID THE LATEST UNDERTAKINGS BY THE COMPANY WERE A FURTHER INDICATION OF THE CONFIDENCE REAL ESTATE DEVELOPERS HAD IN THE FUTURE OF HONG KONG.
HE ADDED THAT ON THE OFFICE SITE THE DEVELOPER PLANNED TO BUILD THREE HIGH-QUALITY TOWER BLOCKS TO BE INTERCONNECTED BY FOOTBRIDGES AT THE SECOND FLOOR LEVEL.
THESE BUILDINGS WILL HAVE A TOTAL FLOOR AREA OF ABOUT 37 300 SQUARE METRES AND PARKING SPACES IN THE BASEMENT FOR NOT LESS THAN 150 CARS.
THEY WILL BE LINKED BY FOOTBRIDGES TO A COMMERCIAL COMPLEX, BEING BUILT ALSO BY THE SUN HUNG KAI GROUP, WHICH IN TURN CONNECTS TO THE KOWLOON-CANTON RAILWAY STATION.
MR NISSIM SAID: THE NEW OFFICES ARE EXPECTED TO MEET THE CHANGING NEED OF LARGE FIRMS INTENDING TO SET UP BRANCH OFFICES IN NEW TOWNS WHERE RENTAL IS EXPECTED TO BE CONSIDERABLY CHEAPER THAN IN COMMERCIAL BUILDINGS IN URBAN AREAS.+
TURNING TO THE HOTEL PROJECT, MR NISSIM SAID THAT IT WOULD
BE A WELCOME ADDITION TO THE TOURIST INDUSTRY.
THE HOTEL WILL HAVE ABOUT 500 ROOMS FROM THE THIRD FLOOR UP AND A GROSS FLOOR AREA OF 26 000 SQUARE METRES.
THE FIRST TWO FLOORS WILL BE USED FOR OTHER ANCILLARY HOTEL OR COMMERCIAL FACILITIES WHILE THE FASEMENT WILL HAVE PARKING SPACES FCR 150 CARS.
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