FOO
KWAI
STREET
NEW
ROAD
NEW
ROAD
NEW
ROAD
Block 'E'
归
The second project on Tai Kok Tsui Road, designed by the same architect.
SCALE!
TAI
KOK
50
TSUI ROAD
150 200FT.
Site plan of Block 'E'.
insurance policies will be used as col- lateral to cover the balance of the payment of the purchase price.
The second low cost housing scheme in the same district is sponsored by the Hong Kong & Kowloon Housing Association, Ltd., the Managing Director of which is Mr. Lee King Chiu, whose business address is Com- mercial House.
This building will be fifteen floors. high, including the ground floor which will be devoted entirely to shops. The size of these units will range from 300 to 600 square feet, and in this case it will be possible to buy a flat for as low as $8,000, whilst the highest priced flats will be in the vicinity of $15,000.
The first project, which is illustrat- contained units of varying sizes. ed in this article, is promoted by the These are to be sold to tenants for Hong Kong Economic Housing So- a lump sum ranging from $10,000 to ciety, of which Mr. Lungo Tam is the $12,500 for each flat, and the terms Chairman. This block will have a will include the possibility of paying ground floor with shops, a first floor one-third of the total sum down and The popularity of this type of pro- containing a restaurant which will the balance over five years. Included ject and the possibilities it opens up cater for the convenience of tenants in the total charge will be the pre- to investors, is attested to by the fact primarily but will also be open to the miums of insurance policies which will that in both the schemes described general public, and sixteen floors of be taken out for the protection of both most of the flats have already been flats, each floor containing eight self- tenants and the owners, and these sold.
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10
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S HOP S
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MEN'S
LWOMEN'S
YARD
8
16
24 FT.
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GROUND FLOOR PLAN
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0 3
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OPEN
SPACE
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IST FL. TO
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FL. PLAN
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