XN000022-1988-04-01 — Page 2

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FRIDAY, APRIL 1, 1988

LAND SALES PROGRAMME ANNOUNCED

THE GOVERNMENT PLANS TO OFFER 44 SITES IN THE URBAN AREA AND THE NEW TERRITORIES FOR SALE BY PUBLIC AUCTION AND TENDER IN THE 1988-89 FINANCIAL YEAR, THE BUILDINGS AND LANDS DEPARTMENT ANNOUNCED TODAY (FRIDAY).

THE PROVISIONAL LAND SALES PROGRAMME WAS OUTLINED BY THE PRINCIPAL GOVERNMENT LAND AGENT, MR DUNCAN SCOTT-WILL.

"FOLLOWING THE RECENT AGREEMENT OF THE LAND COMMISSION TO THE DISPOSAL OF 94.5 HECTARES OF LAND FOR 1988-89, A TOTAL OF 25 HECTARES OF LAND HAS BEEN INCLUDED IN THE SALES PROGRAMME, 31.5 HECTARES FOR CONTAINER TERMINAL 7 AND THE REST FOR HOME OWNERSHIP SCHEMES, HONG KONG HOUSING SOCIETY, VILLAGE HOUSING, PUBLIC UTILITIES, EDUCATIONAL WELFARE, RELIGIOUS AND RECREATIONAL USES," HE SAID.

FOCUSSING ON THE DETAILS OF THE PROGRAMME FOR THE COMING SIX MONTHS, MR SCOTT-WILL SAID 22 SITES COMPRISING MORE THAN 9.5 HECTARES WOULD BE PUT UP FOR SALE BY AUCTION AND TENDER.

NINE OF THEM WILL BE DISPOSED OF AT JULY AND SEPTEMBER; NINE BY CASH TENDER AND LETTER A/B TENDER.

THREE AUCTIONS IN MAY, THE REMAINING THREE BY

TWO COMMERCIAL/RESIDENTIAL SITES OF 6,000 AND 2,090 SQUARE ROAD AND PO ON ROAD WILL BE AUCTIONED IN

METRES AT SEPTEMBER.

CARPENTER

THE TERMS FOR BOTH SITES WILL REQUIRE THE PURCHASER TO PROVIDE PUBLIC CAR PARKING IN THE DEVELOPMENT.

A MEDIUM-DENSITY RESIDENTIAL SITE WITH AN AREA OF 1.2 HECTARES AT TAI WO TSUEN, KWAI CHUNG, WILL ALSO BE SOLD AT AUCTION IN THE SAME MONTH.

SIX INDUSTRIAL SITES TOTALLING 2.02 HECTARES WILL BE AUCTIONED DURING THE PERIOD.

THEY ARE IN CHAI WAN, TUEN MUN, FANLING AND SHEUNG SHUI.

TURNING TO THE TENDER SIDE OF THE PROGRAMME, MR SCOTT-WILL

THAT THE MOST ATTRACTIVE ONE WOULD

BE 4,328-SQUARE-METRE SITE AT MA ON SHAN.

ANTICIPATED

A

то PROVIDE 530

PRIVATE SECTOR

IT WOULD ВЕ DEVELOPED

PARTICIPATION SCHEME UNITS.

ALSO FOR RESIDENTIAL PURPOSES,

TWO SITES AT PENG CHAU AND CHEUNG SHA ON LANTAU ISLAND HAVE BEEN INCLUDED FOR SALE BY TENDER IN THE PROVISIONAL LAND SALES PROGRAMME IN THE NEXT SIX MONTHS. THEY MEASURE 660 AND 1,110 SQUARE METRES RESPECTIVELY.

/THREE PETROL