XN000022-1994-11-17 — Page 5

لیا

THURSDAY, NOVEMBER 17, 1994

(C)

APPROXIMATELY 60 HECTARES OF LAND REQUIRED FOR THE RAILWAY STATIONS AND ASSOCIATED PROPERTY DEVELOPMENTS AT OR NEAR THE HONG KONG, KOWLOON, TAI KOK TSUI, TSING YI AND TUNG CHUNG STATIONS SHALL BE REGARDED AS NORMAL REQUIREMENTS AND BE INCLUDED IN THE ANNUAL LAND DISPOSAL PROGRAMMES FOR GRANT BY THE HONG KONG GOVERNMENT BY PRIVATE TREATY TO THE MTRC FOR A TERM UP TO 30 JUNE 2047, IN ACCORDANCE WITH THE TIME SCALE SHOWN IN TABLE B. NOMINAL PREMIUM WILL BE CHARGED FOR THE STATION ELEMENT, AND FULL MARKET VALUE PREMIUM WILL BE CHARGED FOR THE LAND REQUIRED FOR THE ASSOCIATED PROPERTY DEVELOPMENTS. NOMINAL RENTAL WILL BE CHARGED UNTIL 30 JUNE 1997, AND THEREAFTER AN ANNUAL RENTAL EQUIVALENT TO 3 PER CENT OF THE RATEABLE VALUE FOR THE TIME BEING OF THE PROPERTY WILL BE CHARGED,

(D)

THE PREMIUM FOR EACH SITE WILL BE ASSESSED NOT EARLIER THAN NINE MONTHS BEFORE DEVELOPMENT OF THE RELEVANT SITE OR PORTION PROCEEDS, AND PAYABLE AT THE TIME DEVELOPMENT COMMENCES.

(E)

PRIOR TO THE GRANTING OF THE LAND REFERRED TO IN (A), (B) (C) ABOVE, POSSESSION OF THE SITES MAY BE GIVEN TO THE MTRC BY WAY A LICENCE AT NOMINAL FEE FOR AIRPORT RAILWAY CONSTRUCTION PURPOSES.

AND OF

TABLE A

MAXIMUM GROSS FLOOR AREAS FOR

AIRPORT SUPPORT AND AIRPORT RELATED USES

1.

AIRPORT SUPPORT USES

2,043,750 SQ M(1)

2.

AIRPORT RELATED USES

(A)

(B)

FREIGHT FORWARDERS HOTELS

(C)

OFFICES

1,475,000 SQ M

250,000 SQ M

689,000 SQ M

(D) RETAIL AND OTHER

295,000 SQ M

COMMERCIAL PREMISES

TOTAL

2,709,000 SQ M

NOTE 1:

CALCULATED ON THE BASIS OF 109 HECTARES AT A NET TO GROSS RATIO OF 75% AND A PLOT RATIO OF 2.5, 1.E. [(109 X 10,000) X 0.75] X 2.5

/TABLE B

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