XN000022-1986-03-27 — Page 40

THURSDAY, MARCH 27, 1936

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52 SITES EARMARKED FOR APRIL-SEPTEMBER SALE

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FOLLOWING THE RECENT LAND COMMISSION AGREEMENT TO THE DISPOSAL OF 55 HECTARES OF LAND IN THE NEXT FINANCIAL YEAR, THE GOVERNMENT ANNOUNCED TODAY (THURSDAY) THAT IT WOULD BE OFFERING 52 SITES IN THE URBAN AREA AND NEW TERRITORIES FOR SALE BY PUBLIC AUCTION AND TENDER.

OF THESE SITES 47 WILL BE GRANTED FOR THE FULL LEASE TERM TO 2 047 AND FIVE SITES FOR SPECIALISED USES WILL BE FOR SHORTER LEASES RANGING FROM SEVEN TO 10 YEARS.

ANNOUNCING THIS TODAY, GOVERNMENT LAND AGENT, MR BOB POPE, SAID THAT THE PROVISIONAL PROGRAMME OF LAND SALES BY AUCTION AND TENDER COMPRISED A TOTAL OF 27 HECTARES.

THE FIRST SALE WILL BE A PRIME SITE OF 1.6 HECTARES AT VICTORIA BARRACKS ADJOINING THE SITE SOLD LAST YEAR TO SWIRE PROPERTIES FOR $703 MILLION.

ANOTHER VALUABLE SITE TO BE SOLD LATER IN THE YEAR WILL BE ONE AT TIN HAU TEMPLE ROAD COMPRISING 1.5 HECTARES WITH A RESIDENTIAL PLOT RATIO OF FIVE.

IN THE NEW TOWNS A NUMBER OF SITES WILL BE OFFERED INCLUDING A HIGH DENSITY RESIDENTIAL SITE AT TSUEN WAN, A COMMERCIAL-RESIDENTIAL SITE AT FANLING ADJOINING THE KCRC STATION AND ONE IN THE CENTRAL AREA OF TAI PO WHICH WILL CONTAIN A REQUIREMENT FOR THE PURCHASER TO CONSTRUCT AT GOVERNMENT'S EXPENSE A PUBLIC MARKET AND LIBRARY.

A NUMBER OF SITES WILL ALSO BE OFFERED IN YUEN LONG, TUEN MUN, SHA TIN AND SAI KUNG.

IN ADDITION, THERE WILL BE FOUR PRIVATE SECTOR PARTICIPATION SCHEME SITES SITUATED AT CHUK YUEN, TUEN MUN, SHA TIN AND JUNK BAY TOTALLING ABOUT 8.68 HECTARES,

ON THE INDUSTRIAL SIDE, SIX LOTS WILL BE OFFERED INCLUDING TWO AT ON LOK TSUEN, FANLING, AND A SITE FOR MARINE WORKSHOP AT TUEN MUN.

MR POPE SAID THAT 4.3 HECTARES OF LAND FOR COMMERCIAL-RESIDENTIAL USE AND 8.7 HECTARES OF HIGH DENSITY RESIDENTIAL HOUSING SITES WILL BE OFFERED FOR SALE DURING THE YEAR.

HE SAID THAT THE SITES IN THE NEW TERRITORIES WILL BE OFFERED FOR SALE BY THE LETTER B TENDER SYSTEM WHICH WILL HELP TO REMOVE THE OUTSTANDING LETTER B COMMITMENT WHICH CURRENTLY STANDS AT ABOUT 20 MILLION SQUARE FEET.

/MR POPE

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