XN000022-1989-01-12 — Page 21

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THURSDAY, JANUARY 12, 1989 ·

THESE INCLUDED 46,301 SALE AND PURCHASE AGREEMENTS OF FLATS, 61,798 ASSIGNMENTS OF FLATS, 4,262 ASSIGNMENTS OF LOTS AND SECTIONS, 39 BUILDING MORTGAGES, 66,245 OTHER MORTGAGES AND 31,929 MORTGAGEES' RECEIPTS, REASSIGNMENTS AND CERTIFICATES OF SATISFACTION.

THEY HAD A TOTAL VALUE OF CONSIDERATION OF $30.539 BILLION, $27.568 BILLION, $4.787 BILLION, $1.125 BILLION, $19.396 BILLION AND $8.743 BILLION RESPECTIVELY.

COMMENTING ON THESE FIGURES, MR GLEESON SAID THEY CONTINUING HIGH LEVEL OF ACTIVITY IN THE PROPERTY MARKET YEAR.

REFLECTED A DURING THE

THE TOTAL NUMBER OF REGISTERED PROPERTY OWNERS IN THE TERRITORY NOW STOOD AT 1,116,209, AN INCREASE OF 92,574 OR 9 PER CENT OVER THE FIGURE AT THE END OF 1987, WHICH ITSELF WAS AN INCREASE OF 12.9 PER CENT OVER 1986.

THE TOTAL PREMIUM FROM ALL GOVERNMENT LAND TRANSACTIONS, IN BOTH THE URBAN AREA AND THE NEW TERRITORIES, DURING THE YEAR AMOUNTED TO $11.854 BILLION.

AMONGST THE MORE SIGNIFICANT OF THESE TRANSACTIONS WERE THE

FOLLOWING:

*

*

*

ON JANUARY 28, A MAJOR LAND EXCHANGE INVOLVING SHELL OIL, THE CHEUNG KONG GROUP, HONG KONG ELECTRIC AND HONG KONG UNITED DOCKYARDS WAS COMPLETED.

AS A RESULT, 15,5 HECTARES AT AP LEI CHAU AND 8.84 HECTARES AT KWUN TONG WILL BE REDEVELOPED FOR NON- INDUSTRIAL PURPOSES, AND SHELL OIL'S DISTRIBUTION AND STORAGE FACILITIES AT KWUN TONG WILL BE RELOCATED TO TSING YI. THE TOTAL PREMIUM INVOLVED AMOUNTED TO $1.5 BILLION.

SITE

THE SALE BY CASH TENDER ON APRIL 20 OF A 31.5-HECTARE

(KWAI CHUNG LOT NO. 7) AT LAI CHI KOK TO HIT LIMITED AT A PREMIUM OF $4.390 BILLION FOR A CONTAINER TERMINAL.

THE GRANT ON JULY 29 OF A 1,600-SQUARE-METRE SITE (KOWLOON INLAND LOT NO. 10880) AT HONG TAT PATH, TSIM SHA TSUT TO KOWLOON-CANTON RAILWAY CORPORATION BY WAY OF EXCHANGE AT A PREMIUM OF $354,000,000 FOR NON- INDUSTRIAL (EXCLUDING GODOWN) PURPOSES.

THE MODIFICATION ON OCTOBER 12 OF THE CONDITIONS OF SALE OF RURAL BUILDING LOT NO. 1051 AND THE EXTENSION THERETO (PARKVIEW DEVELOPMENT) AT A PREMIUM OF $510,050,000 SO AS TO DELETE THE REQUIREMENT OF CONSTRUCTION AND ASSIGNMENT OF GOVERNMENT ACCOMMODATION WITHIN THE LOT.

THE SALE