UN
THURSDAY, JANUARY 23, 1986
THE SUB-COMMITTEE DISCUSSED THE PROBLEM WITH THE
HOUSING DEPARTMENT AND THE POLICE, IT WILL CONTINUE TO MONITOR THE CRIME SITUATION IN PUBLIC HOUSING ESTATES TO SEE IF THERE IS A TREND AND WILL STUDY THE POSSIBLE CAUSES OF THE HIGH OFFENDER RATE OF YOUNG PERSONS.
* A WIDE RANGE OF SUBJECTS INCLUDING THE NEIGHBOURHOOD
WATCH SCHEME TRIAD ACTIVITIES, JUVENILE DELINQUENCY AND VICE ESTABLISHMENTS WERE DISCUSSED BY THE 19 DISTRICT FIGHT CRIME COMMITTEES. MEMBERS OF THE CENTRAL FIGHT CRIME COMMITTEE ATTEND DISTRICT MEETINGS ON A REGULAR BASIS AND ARE REGULARLY BRIEFED ON DISTRICT CONCERNS. THE DISTRICT FIGHT CRIME COMMITTEES ARE PLAYING AN INCREASINGLY IMPORTANT ROLE IN THE FIGHT AGAINST CRIME.
LAND AUCTION FETCHES $116.4 MILLION
*****
THE LANDS DEPARTMENT'S FIRST AUCTION OF 1986 REALISED A TOTAL OF $116.4 MILLION TODAY (THURSDAY).
THE HIGHEST PRICE PAID WAS $60 MILLION FOR A 3 650-SQUARE- METRE RESIDENTIAL SITE AT SOUTH BAY ROAD ON HONG KONG ISLAND ($16 438 PER SQUARE METRE).
THE SITE WAS PREVIOUSLY SOLD LAST MAY, BUT THE SALE WAS CANCELLED WHEN THE BUYER FAILED TO PAY THE BALANCE OF THE PURCHASE PRICE.
IT WAS BOUGHT BY BEST ADVANCED LIMITED WHO IS REQUIRED UNDER THE BUILDING COVENANT TO DEVELOP NOT LESS THAN 6 570 SQUARE METRES OF GROSS FLOOR AREA ON THE SITE BEFORE MARCH 31, 1990.
THE REMAINING THREE SITES, ALL IN THE NEW TERRITORIES, ARE FOR INDUSTRIAL OR GODOWN DEVELOPMENT. ALTHOUGH IT IS STIPULATED IN THE CONDITIONS OF SALE THAT THEY ARE NOT TO BE USED FOR OFFENSIVE TRADES.
ONE MEASURING 13 350 SQUARE METRES AT NGAU PEI SHA STREET, SHA TIN, WAS BOUGHT FOR $36 MILLION ($2 697 PER SQUARE METRE) BY CRUCIAL INVESTMENTS LIMITED WHO MUST DEVELOP AT LEAST 28 035 SQUARE METRES OF FLOOR AREA BEFORE JANUARY 31, 1990,
ANOTHER MEASURING 3 231 SQUARE METRES AT TUI MIN HOT, SAI KUNG, WAS BOUGHT BY ASSOCIATED ENGINEERS LIMITED FOR $6.1 MILLION ($1 888 PER SQUARE METRE).
UNDER THE BUILDING COVENANT A MINIMUM 4 847 SQUARE METRES OF FLOOR AREA MUST BE COMPLETED BEFORE MARCH 31, 1989.
/THE THIRD,
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