XN000022-1986-09-05 — Page 2

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FRIDAY, SEPTEMBER 5, 1986

LAND SALES FORECAST FOR SIX MONTHS ANNOUNCED

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THE GOVERNMENT TODAY (FRIDAY) RELEASED DETAILS OF THE LAND IT INTENDS TO OFFER FOR SALE BY AUCTION AND TENDER OVER THE SIX-MONTH PERIOD STARTING OCTOBER 1.

A TOTAL OF 32 SITES WILL BE OFFERED, BRINGING THE AMOUNT OF LAND SOLD SINCE APRIL 1 THIS YEAR TO 25.5 HECTARES OF THE 55 HECTARES APPROVED BY THE LAND COMMISSION FOR THE CURRENT YEAR.

TWO OF THE SITES FOR SPECIALISED USES WILL BE ON 10-YEAR LEASES, WHILE THE REMAINDER WILL BE GRANTED FOR THE FULL LEASE TERM TO 2 047.

ONE OF THE 10-YEAR LEASES WILL BE FOR A 3.2 HECTARE AMUSEMENT PARK IN TUEN MUN, WHILE THE OTHER IS FOR A 2 040-SQUARE-METRE SITE FOR A MARINE WORKSHOP AT YIM TIN TSAI IN TAI PO.

AUCTION SALES WILL INCLUDE A RESIDENTIAL SITE OF 1.5 HECTARES AT TIN HAU TEMPLE ROAD, BRAEMAR HILL, WHICH IS EXPECTED TO ATTRACT KEEN BIDDING.

SEVERAL SMALLER SITES FOR COMMERCIAL AND/OR RESIDENTIAL DEVELOPMENT AT VARIOUS LOCATIONS ALONG THE CENTRAL, WAN CHAI AND SHAU KEI WAN COMMERCIAL CORRIDOR ARE INCLUDED, AS WELL AS INDUSTRIAL SITES ON CHAI WAN RECLAMATION, SHA TIN AND SAI KUNG..

TENDER SALES WILL FEATURE THREE PRIVATE SECTOR PARTICIPATION SCHEME SITES AT CHUK YUEN, TUEN MUN AND SHA TIN. THESE WILL BE DEVELOPED TO PROVIDE ABOUT 6 300 FLATS FOR COMPLETION FROM 1989 ONWARDS.

FOURTEEN SITES WILL BE OFFERED FOR SALE IN THE NEW TERRITORIES UNDER THE LETTER A/B TENDER SYSTEM, INCLUDING A SITE IN THE CENTRAL AREA OF TAI PO, WHICH WILL REQUIRE THE PURCHASER TO INCLUDE A PUBLIC MARKET AND LIBRARY IN A COMMERCIAL AND/OR RESIDENTIAL DEVELOPMENT, PLUS TWO SITES IN SHA TIN AND TUEN MUN AND SEVERAL SMALLER SITES IN YUEN LONG ALSO FOR COMMERCIAL AND/OR RESIDENTIAL DEVELOPMENT.

GOVERNMENT LAND AGENT, MR BOB POPE, SAID THE LAND SALES PROGRAMME WAS PROVISIONAL AND SUBJECT TO CHANGE.

FIVE AUCTIONS ARE SCHEDULED TO TAKE PLACE STARTING ON OCTOBER 29. THERE WILL BE FIVE CASH TENDERS AND TWO LETTERS A/B TENDERS.

FURTHER DETAILS AND DATES WILL BE PUBLISHED IN THE GAZETTE AND IN MAJOR NEWSPAPERS IN THE NORMAL WAY,

COPIES OF THE TENTATIVE LAND SALES PROGRAMME FOR THE SIX-MONTH PERIOD ARE AVAILABLE FROM BUILDINGS AND LANDS

DEPARTMENT HEADQUARTERS ON THE THIRD FLOOR OF MURRAY BUILDING OR FROM ANY DISTRICT LANDS OFFICE.