XN000022-1994-11-17 — Page 3

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THURSDAY, NOVEMBER 17, 1994

SINO-BRITISH LAND COMMISSION 29TH MEETING

17, 1994.

ON THE AIRPORT

THE TWENTY-NINTH MEETING OF THE SINO-BRITISH LAND COMMISSION WAS HELD ON NOVEMBER

THE TWO SIDES AGREED ARRANGEMENT FOR LAND REQUIRED FOR THE NEW AIRPORT AND THE

THE RAILWAY,

SUPPLEMENTARY LAND DISPOSAL PROGRAMME AS WELL AVERAGE COST OF LAND PRODUCTION.

AS THE

THE TWO SIDES AGREED TO ADJUST THE 1994/95 LAND DISPOSAL PROGRAMME TO PROVIDE, IN THE SPECIAL REQUIREMENTS CATEGORY, APPROXIMATELY 1,248 HECTARES FOR THE NEW AIRPORT, 30 HECTARES FOR THE AIRPORT RAILWAY DEPOT AND IN THE NORMAL REQUIREMENTS CATEGORY, APPROXIMATELY 7.52 HECTARES OF LAND FOR THE ASSOCIATED PROPERTY DEVELOPMENTS AT TAI KOK TSUI AND TUNG CHUNG AIRPORT RAILWAY AND 7.94 HECTARES OF LAND FOR THE HOME OWNERSHIP SANDWICH CLASS ROUSING SCHEME.

STATIONS

SCHEME

AND

THE

PROGRAMMES

THE TWO SIDES AGREED THAT THE ANNUAL LAND DISPOSAL SHALL BE DRAWN UP HAVING REGARD TO THE ACTUAL NEEDS OF THE ASSOCIATED PROPERTY DEVELOPMENTS AT THE AIRPORT RAILWAY STATIONS AND THE PREVAILING SUPPLY AND DEMAND CONDITIONS IN THE PROPERTY MARKET AT TIME.

THE

THE TWO SIDES ALSO AGREED THAT THE AVERAGE COST OF LAND PRODUCTION FOR 1993/94 WILL BE HONG KONG DOLLARS 4.428 PER SQUARE METRE AND THE AVERAGE COST OF LAND PRODUCTION FOR 1994/95 WILL BE HONG KONG DOLLARS 4,754 PER SQUARE METRE.

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SINO-BRITISH LAND COMMISSION AGREED MINUTE

THE TWENTY-NINTH MEETING OF THE SINO-BRITISH LAND COMMISSION WAS HELD ON NOVEMBER 17, 1994. THE TWO SIDES AGREED ON THE FOLLOWING IN RESPECT OF LAND FOR THE NEW AIRPORT AND THE AIRPORT RAILWAY:

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LAND FOR THE NEW AIRPORT

LAND REQUIRED FOR THE AIRPORT AT CHEK LAP KOK SHALL BE REGARDED AS A SPECIAL REQUIREMENT AND BE DEALT WITH IN THE FOLLOWING MANNER :

/(A) APPROXIMATELY