XN000022-1986-04-20 — Page 3

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SUNDAY, APRIL 20, 1986

THE INCREASE IN THE NUMBER OF ASSIGNMENTS OF LOTS AND SECTIONS OF LOTS WAS ALSO SIGNIFICANT, BUT THE FIGURES FOR CONSIDERATIONS IN SUCH ASSIGNMENTS WAS NOT SO RELIABLE SINCE A FEW VERY LARGE TRANSACTIONS COULD DISTORT THE OVERALL PICTURE.

NEARLY ALL FIGURES WERE STILL ON THE INCREASE AT THE END OF THE FINANCIAL YEAR AND DID NOT INCLUDE THE NEW TERRITORIES, HOWEVER, WHERE HIS DEPARTMENT WAS STILL IN THE PROCESS OF TAKING OVER THE DISTRICT LAND REGISTRIES.

MR GLEESON SAID THAT AN INTERESTING ECONOMIC AND SOCIAL INDICATOR WAS THAT THE TOTAL NUMBER OF REGISTERED PROPERTY OWNERS IN HONG KONG NOW STOOD AT 846 169, AN INCREASE OF 78 762 OR 10.3 PER CENT OVER THE FIGURE AT THE END OF 1984-85 WHICH ITSELF WAS AN INCREASE OF 7.9 PER CENT OVER THE PREVIOUS YEAR.

THE NUMBER OF GOVERNMENT LAND GRANTS AND MODIFICATIONS OF GOVERNMENT LEASE CONDITIONS COMPLETED LAST YEAR DROPPED FROM 272 IN 1984-85 TO 268, WHILE THE TOTAL PREMIUM INVOLVED ROSE BY 67.4 PER CENT FROM $2.314 BILLION TO $3.874 BILLION.

SIGNIFICANT GOVERNMENT LAND TRANSACTIONS COMPLETED DURING THE FINANCIAL YEAR, INCLUDING THOSE COMPLETED PRIOR TO THE INTRODUCTION OF THE 50-HECTARE LIMIT BY ANNEX 11 TO THE JOINT DECLARATION ON MAY 27, 1985 INCLUDE THE FOLLOWING:

(1)

THE SALE BY PUBLIC TENDER OF A 7.292-HECTARE SITE IN AREA 75, SHA TIN, TO WILLOWGARTH COMPANY LIMITED AT A PREMIUM OF $300 300 300 FOR DEVELOPMENT UNDER THE HOME OWNERSHIP (PRIVATE SECTOR PARTICIPATION) SCHEME.

(2) THE SALE BY PUBLIC AUCTION OF A 1,069-HECTARE SITE

AT QUEENSWAY TO KORNHILL DEVELOPMENT LIMITED (SWIRE GROUP) AT A PREMIUM OF $703 000 000 FOR NON-INDUSTRIAL PURPOSES.

(3) THE GRANT OF A 11.448-HECTARE SITE AT YAU YAT TSUEN TO CITY POLYTECHNIC OF HONG KONG AT NIL PREMIUM FOR THE PURPOSES OF A POLYTECHNIC.

(4)

THE GRANT OF A 6.663-HECTARE SITE AT TSING YI AT NIL PREMIUM TO THE HONG KONG HOUSING AUTHORITY FOR DEVELOPMENT UNDER THE HOME OWNERSHIP SCHEME.

(5) THE GRANT OF A 69.391-HECTARE SITE AT TAP SHEK KOK,

TUEN MUN, TO KOWLOON ELECTRIC SUPPLY COMPANY LIMITED AT A PREMIUM OF $89 522 000 FOR THE PURPOSES OF AN ELECTRICITY GENERATING STATION AND BULK OIL, COAL AND PULVERISED FLY ASH STORAGE.

/(6) THE GRANT