WEDNESDAY, SEPTEMBER 10, 1986
5
SIX LOTS SOLD BY LETTERS A AND B
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SIX LOTS IN THE NEW TERRITORIES HAVE BEEN SOLD BY VINTAGE LAND EXCHANGE ENTITLEMENTS (LETTERS A AND B) BY THE BUILDINGS AND LANDS DEPARTMENTS.
THREE OF THE SITES ARE IN YUEN LONG AND THE OTHERS IN FANLING, TUEN MUN AND SHA TIN,
LOCATED CLOSE TO THE RAILWAY STATION, THE FANLING LOT OF 2.28 HECTARES IS THE LARGEST OF THE SIX.
IT IS FOR PRIVATE RESIDENTIAL DEVELOPMENT OVER A COMMERCIAL PODIUM, THE FIRST DEVELOPMENT OF ITS TYPE LOCALLY.
THE SITE WAS JOINTLY PURCHASED BY KWONG KAY INVESTMENT COMPANY LIMITED, MILLAP LIMITED, CAMLEIGH INVESTMENT LIMITED, SHUNG KING DEVELOPMENT COMPANY LIMITED, EVERCOT ENTERPRISE COMPANY LIMITED, EGERIA INVESTMENT LIMITED AND GOLDEN DRAGON DEVELOPMENT COMPANY LIMITED.
THE SUCCESSFUL TENDERERS ARE REQUIRED UNDER THE BUILDING COVENANT TO BUILD UP TO 2 500 RESIDENTIAL FLATS, WITH A TOTAL GROSS FLOOR AREA NOT EXCEEDING 100 000 SQUARE METRES, ABOVE THE THIRD LEVEL OF THE DEVELOPMENT.
THE COMMERCIAL PODIUM WILL PROVIDE A MAXIMUM OF 27 500 SQUARE METRES FOR SHOPS, PARKING SPACES, RECREATIONAL AREAS, COMMUNITY FACILITIES AND POSSIBLY A CHILDREN'S NURSERY.
THE SUPERSTRUCTURE SHOULD BE COMPLETED BY DECEMBER 31, 1990.
HAVE
THE YUEN LONG SITES - OF 760 710, AND 412 SQUARE METRES BEEN AWARDED TO MILLAP LIMITED, KIN FUNG GARMENTS AND INVESTMENTS THEY ARE AT YAU LIMITED, AND EVERCOT ENTERPRISE COMPANY LIMITED. SAN STREET AND ARE FOR NON-INDUSTRIAL PURPOSES, BUT EXCLUDING GODOWN DEVELOPMENT.
THE TUEN MUN SITE, MEASURING 6 849 SQUARE METRES, LIES TO THE SOUTH OF CHI LOK FA YUEN. THE LOWER THREE FLOORS OF THE DEVELOPMENT, INCLUDING ANY BASEMENT, ARE FOR NON-INDUSTRIAL USE, WHILE THE REMAINING FLOORS ARE FOR PRIVATE RESIDENTIAL DEVELOPMENT.
UNDER THE LEASE CONDITIONS, THE DEVELOPERS, EVERCOT ENTERPRISE COMPANY LIMITED, EGERIA INVESTMENT LIMITED, GOLDEN DRAGON DEVELOPMENT COMPANY LIMITED, MILLAP LIMITED AND SHUNG KING DEVELOPMENT COMPANY LIMITED, HAVE TO COMPLETE AT LEAST 25 000 SQUARE METRES OF GROSS FLOOR AREA ON THE SITE BY SEPTEMBER 30,
1990.
/ALSO FOR
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