XN000022-1988-08-25 — Page 11

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THURSDAY, AUGUST 25, 1988

HKIEC ANNOUNCES LAND PREMIUM INCREASES

THE BOARD OF THE HONG KONG INDUSTRIAL ESTATES CORPORATION TODAY (THURSDAY) ANNOUNCED LAND PREMIUM INCREASES FOR ITS INDUSTRIAL ESTATES.

TWO

METRE

WITH IMMEDIATE EFFECT, THE LAND PREMIUM AT YUEN LONG INDUSTRIAL ESTATE WILL GO UP FROM $900 ΤΟ $1,100 PER SQUARE WHILE THAT AT TAI PO INDUSTRIAL ESTATE WILL BE INCREASED FROM TO $1,250 PER SQUARE METRE.

$1,100

THE CHAIRMAN OF THE

CORPORATION,

MR STEPHEN CHEONG, THAT HE CONSIDERED THE INCREASES REASONABLE IN THE LIGHT OF INDUSTRIAL LAND PRICES.

STATED

RECENT

LAND

"AT FANLING, WHERE GOVERNMENT HAS BEEN SELLING INDUSTRIAL THIS YEAR, PREMIUM PAID HAS RISEN FROM ABOUT $4,000 PER SQUARE METRE IN JANUARY TO ABOUT $6,600 PER SQUARE METRE IN JULY WHEN DISCOUNTED то AN EQUIVALENT PLOT RATIO OF 2.5,

WHICH APPLIES ΤΟ THF CORPORATION'S ESTATES,'

"

MR CHEONG SAID.

YAU TSIM DB TO DISCUSS CRIMES BILL

THE YAU TSIM DISTRICT BOARD WILL MEET TOMORROW (FRIDAY) DISCUSS THE CRIMES (AMENDMENT) BILL 1988.

TO

A CLOSURE VICE

THE BILL, GAZETTED ON JULY 1 PROPOSES TO IMPLEMENT

J ORDER SCHEME TO HELP ABATE THE NUISANCES ASSOCIATED WITH ESTABLISHMENTS.

འ་

MEMBERS WILL ALSO DISCUSS THE EDUCATION COMMISSION REPORT AND WHETHER THE LAW GOVERNING HOMOSEXUAL AND LOITERING

NO. 3, OFFENCES SHOULD BE CHANGED.

IN ADDITION, PROGRESS REPORTS ON VARIOUS COMMITTEES WILL BB TABLED FOR MEMBERS' INFORMATION.

NOTE TO EDITORS;

ΤΟ

YOU ARE INVITED TO COVER THE YAU TSIM DISTRICT BOARD MEETING BEGIN AT 2.30 PM TOMORROW (FRIDAY) IN THE DISTRICT CONFERENCE ROOM, SECOND FLOOR, 490 NATHAN ROAD.

OFFICE

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