TNAG-0808-FCO40-1013-Use-of-Crown-lands-relinquished-by-Ministry-of-Defence-in-Ho-1978 — Page 195

4

3.

CONFIDENTIAL ##

機密

2

Public works Department's Alternative Proposals (October 1977)

Direct Return

Commercial/Residential

15,000 m2 $27,000/m2@

$

643 M (see Note 1)

9,500 m2 $25,000/2

Residential (Zone 2)

6,500 m2 $7,500/m2@

$

49 M (see Note 1)

Indirect Return

Murray Barracks II

11,050 m $37,660/m2@

ย

$420 M (see Note 2)

Total Return

Development Costs

Net Return

UMELCO Proposals (March 1978)

Direct Return

Commercial/Residential

15,000 m2

20

$27,000/m2

9,500 m2 $25,000/m2@

$1,112 M

7 M

$1,105 M

$

643 M (see Note 1)

Residential (Zone 2)

6,500 m2

$7,500/m

26

$:

49 M (see Note 1)

Residential (Zone 2 -

16,000 m2 $6,500/m2@

$

104 M (see Note 3)

12-storey maximum).

Total Return

Development Costs

Net Return

$

796 M

$

7 M (see Note 4)

$

789 M

/Note

...

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