XN000022-1985-01-15 — Page 5

TUESDAY, JANUARY 15, 1985

3 248 TRIDENT FLATS OFFERED

* * *

THE 3 248 FLATS ON THE TRIDENT BLOCKS BEING OFFERED FOR SALE UNDER PHASE VIIA OF THE HOME OWNERSHIP SCHEME WILL BE SOLD FIRST TO THE GREEN-FORM APPLICANTS TO ENCOURAGE MORE PUBLIC HOUSING TENANTS TO ACQUIRE HOMES OF THEIR OWN.

+ HOWEVER, ANY OF THE REMAINING FLATS ON THE TRIDENT BLOCKS AFTER THE GREEN-FORM APPLICANTS HAVE MADE THEIR SELECTION WILL BE MADE AVAILABLE FOR SALE TO THE PRIVATE SECTOR (WHITE FORM) APPLICANTS, SAID A SPOKESMAN FOR THE HOUSING AUTHORITY TODAY.

THE TRIDENT BLOCKS ARE LOCATED AT CHING SHING COURT IN TSING YI AND FUNG SHING COURT IN SHA TIN, WITH FLAT PRICES RANGING FROM $96 600 TO $186 200 EACH.

THE FLATS ARE ALL OF OPEN PLAN DESIGN, WITH GROSS AREAS BETWEEN 50.1 AND 64.5 SQUARE METRES.

FLAT OWNERS MAY PARTITION THEIR FLATS INTO TWO-BEDROOM OR THREE-BEDROOM UNITS ACCORDING TO THEIR INDIVIDUAL REQUIREMENTS.

ALSO ON SALE IN THE CURRENT PHASE ARE THE 528 FLATS AT CHOI PO COURT PHASE II IN SHEUNG SHUI WHICH ARE PRICED FROM $99 400 TO $183 400 EACH.

DESIGNED WITH ONE BEDROOM AND TWO BEDROOMS, FLATS AT CHOI PO COURT HAVE GROSS AREAS BETWEEN 41.9 AND 54.3 SQUARE METRES.

+THEY WILL BE SOLD EQUALLY BETWEEN THE TWO CATEGORIES OF WHITE-FORM AND GREEN-FORM APPLICANTS, THE SPOKESMAN SAID.

APPLICATIONS FOR THE 3 776 PHASE VIA FLATS WILL CLOSE ON FRIDAY (JANUARY 18) TO BE FOLLOWED BY A BALLOT TO DECIDE SUCCESSFUL APPLICANTS BEFORE THE END OF THE MONTH.

TAX CERTIFICATE INTEREST REDUCED

***

AS FROM TOMORROW (WEDNESDAY) THE NEW ANNUAL RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES WILL BE 6.60 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE OF 7.08 PER CENT (TAX FREE).

NOTICE OF THIS WAS PUBLISHED IN AN EXTRAORDINARY ISSUE OF THE GAZETTE YESTERDAY (MONDAY).

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.55 PER MONTH PER $100. INTEREST WILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETED MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX, A SPOKESMAN FOR THE INLAND REVENUE DEPARTMENT SAID.

/INTEREST IS