TNAG-0740-FCO40-944-Quarterly-progress-reports-from-Hong-Kong-1978 — Page 177

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

機密

Part I

Subject

1. Land Disposal

2. Power Station,

Tap Shek Kok, Tuen Mun.

3. M.T.R. Exten-

sion to Tsuen Wan.

NEW TERRITORIES ADMINISTRATION PROGRESS REPORT

(1st February, 1978 - 30th April, 1978)

Purpose

To make land avail- able for private development.

Grant of land to China Light & Power Co. Ltd., for new power station.

(a) Resumptions.

Progress made and present position

The property market continues to be buoyant; industrial land at Kwai Chung (Tsuen Wan) was sold for $849 and $948 per sq. ft; commercial and residential sites were sold in Tuen Mun and Sai Kung.

Compilation of terms of grant and assessment of premium in progress; clearance of site underway.

Next Quarter Targets

Sale by auctions and Letter A/B tenders for industrial, commercial and res- idential development

Completion of grant.

CONFIDENTIAL

(b) Village

Removals.

(c) M.T.R.C. depot

site.

Six areas in North Tsuen Wan have been resumed. Resumption of a seventh area has been authorised; preparation for three further res- umptions in hand.

Negotiations with villagers contin- ued; revised statement of housing requirements forwarded to P.W.D.

Schools affected to be reprovision- ed in local estates; negotiations with owners of multi-storey build- ings continued.

(d) Factory clearanc-Factories and workshops to be

cleared have been surveyed.

es.

Completion of these resumptions.

Completion negotiations.

of

Negotiated conclus- ion with multi- storey building-

owners.

Consideration of removal terms.

14.

CONFIDENTIAL #

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