during the year, together with three Estate Surveyors. The staff position has consequently improved, although 3 vacancies for Land Surveyors, 3 for Estate Surveyors and 1 for Planning Officer remain unfilled.
Revenue
113. The total revenue collected compared with 1957/58 is as under:
1958/59 1957/58 Premia in land sales, etc. $23,779,973.86 $29,231,891.95 Boundary Stones & Survey Fees 54,201.94 37,853.91 Permit Fees 2,835,219.49 3,031,447.88 Plans sold to the public 5,244.70 3,622.70 $26,674,639.99 $32,304,816.44LAND
114. The steady rise over the past years in the value of land used for residential purposes was not so apparent during this year; in fact there was a lull in development of this nature. Industrial land values, on the other hand, remained unchanged though only six sites were sold for general industrial purposes.
115. The revenue derived from land transactions in the urban area at approximately $33 million is an all-time record.
Auction Sales
116. Industry. Apart from the six sites sold for general industrial purposes, one of which realized $77 a square foot, thirty-five sites were sold at Yau Tong Bay, restricted to the ship-building and timber-yard trades. The total amount realized from these sales was $4,488,000, but the majority of the purchasers chose to pay by instalments over eighteen years, a special concession allowed for these Yau Tong sales.
117. One site sold at auction, restricted to a motor vehicle service station and garage, realized about $50 a square foot.
118. Non-Industrial. Although twenty-one sites were submitted to auction, fourteen had to be withdrawn as there were no bids at the level of the upset price. Of the seven sites sold, one was restricted to school use, in three cases (at Shek O) the current leases had expired and the occupants purchased the lots at the upset price, one was for commercial and two were for residential purposes.
Private Treaty Grants
119. Ninety-four lots or extensions to lots were granted by private treaty, fifteen by exchanges and twelve free of premium. Thirty-six were
21
during the year, together with three Estate Surveyors. The staff position has consequently improved, although 3 vacancies for Land Surveyors, 3 for Estate Surveyors and 1 for Planning Officer remain unfilled.
Revenue
113. The total revenue collected compared with 1957/58 is as under:
Premia in land sales, etc.
Boundary Stones & Survey Fees Permit Fees
Plans sold to the public
1958/59
1957/58
$23,779,973,86
$29,231,891.95
54,201.94
37,853.91
2,835,219.49
3,031,447.88
5,244.70
3,622.70
$26,674,639.99
$32,304,816.44
LAND
114. The steady rise over the past years in the value of land used for residential purposes was not so apparent during this year; in fact there was a lull in development of this nature. Industrial land values, on the other hand, remained unchanged though only six sites were sold for general industrial purposes.
115. The revenue derived from land transactions in the urban area at approximately $33 million is an all time record.
Auction Sales
116. Industry. Apart from the six sites sold for general industrial purposes, one of which realized $77 a square foot, thirty five sites were sold at Yau Tong Bay, restricted to the ship-building and timber-yard trades. The total amount realized from these sales was $4,488,000, but the majority of the purchasers chose to pay by instalments over eighteen years, a special concession allowed for these Yau Tong sales.
117. One site sold at auction, restricted to a motor vehicle service station and garage, realized about $50 a square foot.
118. Non-Industrial. Although twenty one sites were submitted to auction, fourteen had to be withdrawn as there were no bids at the level of the upset price. Of the seven sites sold, one was restricted to school use, in three cases (at Shek O) the current leases had expired and the occupants purchased the lots at the upset price, one was for commercial and two were for residential purposes.
Private Treaty Grants
119. Ninety four lots or extensions to lots were granted by private treaty, fifteen by exchanges and twelve free of premium. Thirty six were
21
No comments yet.
Private notes are available after approval.