XN000022-1993-01-12 — Page 25

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TUESDAY, JANUARY 12, 1993

APPLICATION

OF

THE

STEP

"THE GREATER ACCEPTABILITY AND ENVIRONMENTAL ASSESSMENT PROCESS SHOULD BE VIEWED AS A GREAT FORWARD, ESPECIALLY SINCE THERE ARE NOW ARRANGEMENTS IN PLACE THAT ALLOW MEMBERS OF THE PUBLIC TO GAIN ACCESS TO THE RESULTS OF THE ASSESSMENT," HE POINTED OUT.

"THIS IS IN LINE WITH THE TREND TOWARDS MORE OPENNESS AND MORE ACCOUNTABILITY IN THE GOVERNMENT," UR REED CONCLUDED.

1.

(NOTE:

0

LAN KWAI FONG INQUIRY

OUTLINE OF WORK DONE ON TUESDAY

(JANUARY 12) UP TO 4.30 PM

HEARING AT COURT NO. 10 IN THE SUPREME COURT BY MR JUSTICE BOKHARY.

SIX WITNESSES WERE EXAMINED. FOUR OF THEM WERE EXAMINED IN "OPEN" SESSION. TWO OF THEM WERE, IN CONFORMITY WITH THEIR WISHES, EXAMINED IN "CLOSED" SESSION, A SEVENTH WITNESS WILL BE EXAMINED IN "OPEN" SESSION STARTING AT 5.10 PM.)

2. FURTHER FACT-FINDING WORK FOR THE INTERIM REPORT.

0

—

FOUR SITES SOLD FOR $1,510 MILLION

FOUR LOTS OF GOVERNMENT LAND WERE SOLD FOR A MILLION IN A PUBLIC AUCTION BY THE BUILDINGS AND THIS (TUESDAY) AFTERNOON.

TOTAL OF $1,510 LANDS DEPARTMENT

THE FIRST LOT IS AT THE JUNCTION OF SHUNG LING STREET AND YI LUN STREET, SAN PO KONG, KOWLOON, IT WAS BOUGHT BY BRIGHT SUCCESS INVESTMENT LTD AT $705 MILLION, WITH BIDDING OPENED AT $550 MILLION.

THE LOT, WITH AN AREA OF ABOUT 3,093 SQUARE METRES, IS INTENDED FOR NON-INDUSTRIAL (EXCLUDING GODOWN, PETROL-FILLING STATION) PURPOSES.

HOTEL

ACCORDING TO THE BUILDING COVENANT, THE DEVELOPER HAS COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 30,000 SQUARE METRES OR BEFORE SEPTEMBER 30, 1996.

AND

TO

ON

THE SECOND LOT, IN COX'S ROAD, KOWLOON, WAS SOLD TO AMAZING WAVE INVESTMENT AT $360 MILLION. BIDDING OPENED AT $210 MILLION.

WITH AN AREA OF ABOUT 1,395 SQUARE METRES, THE LOT IS EARMARKED FOR PRIVATE RESIDENTIAL PURPOSES. THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 5,270 OR BEFORE MARCH 31, 1996.

SQUARE

METRES

ON

/THE THIRD