XN000022-1985-08-16 — Page 2

FRIDAY, AUGUST 16, 1985

LAND COMMISSION HOLDS THIRD MEETING

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THE SINO-BRITISH LAND COMMISSION HELD ITS THIRD MEETING ON AUGUST 15-16, 1985.

IN ACCORDANCE WITH THE RELEVANT PROVISIONS OF THE SINO-BRITISH JOINT DECLARATION THE TWO SIDES REACHED AGREEMENT ON LEGAL DOCUMENTS FOR THE SALE OF GOVERNMENT LAND BY PUBLIC AUCTION, PUBLIC TENDER AND BY PRIVATE TREATY; ON THE LEGAL DOCUMENT FOR EXTENDING 75-YEAR NON-RENEWABLE LEASES EXPIRING BEFORE JUNE 30, 1997 AND ON THE LEGAL DOCUMENT FOR THE MODIFICATION OF GOVERNMENT LEASE CONDITIONS.

THE TWO SIDES ALSO CONDUCTED PRELIMINARY DISCUSSIONS ON THE LAND DISPOSAL PROGRAMME IN THIS FINANCIAL YEAR, AND DECIDED THAT THE DISCUSSION SHOULD BE CONTINUED AT THE FOURTH MEETING TO BE HELD ON SEPTEMBER 12. THE TWO SIDES RECOGNISED THAT RESUMPTION OF THE SALE OF LAND WOULD BE CONDUCIVE TO DEVELOPMENT AND THE NORMAL OPERATION OF THE PROPERTY MARKET. AND CONFIRMED THAT THE NEXT LAND AUCTION WOULD BE HELD ON SEPTEMBER 24.

SIX LOTS TO BE SOLD ***

DUE TO NUMEROUS PRESS ENQUIRIES, A SPOKESMAN FOR THE LANDS DEPARTMENT SAID TODAY THAT FOLLOWING THE AGREEMENT ON THE LEASE DOCUMENTATION BY THE SINO-BRITISH LAND COMMISSION, SIX LOTS ARE SCHEDULED TO BE AUCTIONED ON SEPTEMBER 24 AT THE CITY HALL.

THEY INCLUDE TWO INDUSTRIAL LOTS AT KOWLOON BAY OF 1 496 SQUARE METRES AND AT THE JUNCTION OF KUT SHING STREET AND CHEUNG LEE STREET, CHAI WAN, OF 692 SQUARE METRES THREE COMMERCIAL AND RESIDENTIAL SITES AT POPLAR STREET IN TAI KOK TSU! OF 115 SQUARE METRES, TAI NAM STREET IN SHAM SHUI PO OF 83 SQUARE METRES AND AT THE JUNCTION OF PUT TO ROAD AND TUEN MUN ROAD, TUEN MUN, OF 3 552 SQUARE METRES.

THE LAST SITE OF 91 SQUARE METRES IS A RESIDENTIAL SITE AT SHEK O, HONG KONG.

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