XN000022-1991-08-15 — Page 2

THURSDAY, AUGUST 15, 1991

1

TWO GOVT SITES SOLD FOR $890 MILLION

LANDS

DEPARTMENT IN A

TWO PIECES OF GOVERNMENT LAND LOCATED IN KOWLOON WERE SOLD FOR A TOTAL OF $890 MILLION BY THE BUILDINGS AND PUBLIC AUCTION THIS (THURSDAY) AFTERNOON.

BOTH LOTS ARE INTENDED FOR PRIVATE RESIDENTIAL PURPOSES.

CHEE AVENUE IN YAU

THE FIRST LOT, LOCATED IN AREA 2 OFF TAT YAT TSUEN, HAS AN AREA OF ABOUT 5,555 SQUARE METRES.

THE SITE WAS SOLD TO WHOLE RESULT LTD AND JADE QUEEN PROPERTIES LET FOR $430 MILLION. BIDDING OPENED AT $230 MILLION.

OF NOT ACCORDING TO THE BUILDING COVENANT, A GROSS FLOOR AREA

METRES HAS ΤΟ LESS THAN 9,166 SQUARE

BE COMPLETED ON OR BEFORE SEPTEMBER 30, 1994.

THE OTHER LOT, LOCATED AT ARGYLE STREET, HAS AN AREA 5,678 SQUARE METRES.

IT WAS BOUGHT BY FREE CHAMPION CO LTD AND $460 MILLION WITH BIDDING OPENED AT $230 MILLION.

THAT THE

OF ABOUT

KEEVIL CO LTD FOR

DEVELOPER HAS TO METRES ON

THE BUILDING COVENANT STIPULATES COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 15,330 SQUARE OR BEFORE AUGUST 14, 1995.

THE LAND AUCTION, HELD IN THE CITY HALL THEATRE, WAS BY THE GOVERNMENT LAND AGENT, MR JAMES HUGHES.

CONDUCTED

MR HUGHES SAID THE SALE PRICES TREND OF THE RESIDENTIAL PROPERTY MARKET.

THE REFLECTED

RECENT

BUOYANT

DISABLED CONTRIBUTE THROUGH EMPLOYMENT

*

THE COMMISSIONER FOR LABOUR, MR DARWIN CHEN, TODAY (THURSDAY) APPEALED TO EMPLOYERS ΤΟ TAKE ON DISABLED EMPLOYEES AS THEY CONTRIBUTE TO HONG KONG'S ECONOMY JUST AS THEIR ABLE-BODIED COUNTERPARTS.

MR CHEN NOTED THAT DISABLED PERSONS IN GAINFUL EMPLOYMENT HAD DEMONSTRATED THEIR POTENTIAL AND HAD ESTABLISHED THEMSELVES AS PRODUCTIVE AND CONTRIBUTING MEMBER OF THE SOCIETY.

REQUIRED SKILLS OF ARE READY то WORK

"MANY DISABLED PERSONS HAVE ACQUIRED THE THE JOB AND DEVELOPED GOOD ATTITUDE OF WORK, AND HARMONIOUSLY WITH NON-HANDICAPPED CO-WORKERS, HE STRESSED.

**

/MR CHEN