XN000022-1994-03-01 — Page 7

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TUESDAY, MARCH 1, 1994-

THREE LOTS SOLD FOR $5,050 MILLION

THREE LOTS OF GOVERNMENT LAND WERE SOLD FOR A TOTAL AMOUNT OF $5,050 MILLION AT THE PUBLIC LAND AUCTION HELD BY THE LANDS DEPARTMENT THIS (TUESDAY) AFTERNOON.

THE FIRST LOT, AT THE JUNCTION OF FARM ROAD AND MA TAU .... WAI ROAD, WAS BOUGHT BY LEAD BRIGHT LIMITED AT $2,260 MILLION. BIDDING OPENED AT $1,300 MILLION.

WITH AN AREA OF ABOUT 7,059 SQUARE METRES, IT IS INTENDED FOR PRIVATE RESIDENTIAL, CHILDREN AND YOUTH CENTRE AND DAY NURSERY USE.

THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 22,500 SQUARE METRES BEFORE MARCH 31, 1998.

THE SECOND LOT, AT AREA 7, TAI PO, WITH AN AREA OF ABOUT 18,490 SQUARE METRES, WAS BOUGHT BY CREDIT WORLD LIMITED AT $2,140 MILLION WITH BIDDING OPENING AT $1,000 MILLION.

IT IS INTENDED FOR PRIVATE RESIDENTIAL USE.

THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 26,626 SQUARE METRES BEFORE MARCH 31, 1998.

THE

THIRD LOT, SITUATED AT AREA 4C, TUEN MUN, WITH AN AREA OF ABOUT 7,877 SQUARE METRES, WAS SOLD TO GREAT CHEER DEVELOPMENT LIMITED AT $650 MILLION, WITH BIDDING OPENING AT $380 MILLION.

IT IS INTENDED FOR PRIVATE RESIDENTIAL USE.

THE DEVELOPER HAS TO COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 15,600 SQUARE METRES BEFORE MARCH 31, 1998.

THE AUCTION, HELD IN THE CONCERT HALL OF THE HONG KONG CULTURĂĻ. CENTRE, TSIM SHA TSUI, WAS CONDUCTED BY GOVERNMENT LAND AGENT, MR

NIGEL BURLEY.

:

TEMPORARY LORRY PARK OPEN ON WESTERN RECLAMATION

A TEMPORARY LORRY PARK IS OPENED ON THE WESTERN

TODAY (TUESDAY).

A SPOKESMAN FOR THE TRANSPORT DEPARTMENT SAID THE OPEN 24 HOURS DAILY, PROVIDING ABOUT 120 PARKING

WOULD LORRIES.

RECLAMATION

LORRY PARK SPACES FOR

IT IS LOCATED TO THE EAST OF THE SHEUNG WAN PUBLIC CARGO WORKING AREA AND ENTRY IS FROM CONNAUGHT ROAD WEST AND WESTERN PARK ROAD.

".

EXPECTED TO

"THE PROVISION OF THIS TEMPORARY LORRY PARK IS ALLEVIATE THE CRITICAL PARKING SITUATION IN THIS AREA, THE SPOKESMAN SAID.

/IT IS