Industrial
5.13. 77 lots were sold, of which 42 were at Kwun Tong. The prices obtained for these lots were below last year's figures, and this could perhaps be partially attributed to the fact that many of the industrial sites sold in previous years have now been developed by investment companies and disposed of as flatted factories, thus absorbing some of the pressure previously experienced in this direction.
Non-industrial
5.14. 62 lots were sold for this type of user and the highest price realized during the year was $219.76 per sq. ft. for a lot located in Aberdeen Main Road. The demand for land for low density development for high-class residential accommodation was again slack, thus indicating that the immediate supply of this type of accommodation still exceeds the demand. Developers do not appear to be interested at present in investing their capital in property restricted to this type of accommodation.
Private Treaty Grants
5.15. 112 lots or extensions thereto were granted during the year, 52 by exchange and 16 free of premium for non-profit-making institutions, an increase of 23 over the number of similar grants effected in the previous year. 2 sites were granted for Local Government Officers' Housing Schemes.
Land for Government and Government-sponsored projects
5.16. As, of necessity, Government must be the largest single developer of land, the office continued to co-ordinate the clearance and allocation of sites for projects carried out by the Engineering and Architectural sub-departments.
Regrant of Crown Leases
5.17. 171 regrants were made of 75-year non-renewable leases compared with a total of 253 in the previous year.
Kwun Tong
5.18. 71 more lots were sold or granted by public auction or private treaty, making a total of 513 at the close of the year involving a total area of about 6.6 million sq. ft. The premium derived from this district since its inception exceeds $242 million.
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Industrial
5.13. 77 lots were sold, of which 42 were at Kwun Tong. The prices obtained for these lots were below last year's figures, and this could perhaps be partially attributed to the fact that many of the industrial sites sold in previous years have now been developed by investment com- panies and disposed of as flatted factories, thus absorbing some of the pressure previously experienced in this direction.
Non-industrial
5.14. 62 lots were sold for this type of user and the highest price realized during the year was $219.76 per sq. ft. for a lot located in Aberdeen Main Road. The demand for land for low density development for high class residential accommodation was again slack, thus indicating that the immediate supply of this type of accommodation still exceeds the demand. Developers do not appear to be interested at present in investing their capital in property restricted to this type of accommodation.
Private Treaty Grants
5.15. 112 lots or extensions thereto were granted during the year, 52 by exchange and 16 free of premium for non-profit-making institu- tions, an increase of 23 over the number of similar grants effected in the previous year. 2 sites were granted for Local Government Officers' Housing Schemes.
Land for Government and Government-sponsored projects
5.16. As, of necessity, Government must be the largest single developer of land, the office continued to co-ordinate the clearance and allocation of sites for projects carried out by the Engineering and Architectural sub-departments.
Regrant of Crown Leases
5.17. 171 regrants were made of 75 year non-renewable leases com- pared with a total of 253 in the previous year.
Kwun Tong
5.18. 71 more lots were sold or granted by public auction or private treaty, making a total of 513 at the close of the year involving a total area of about 6.6 million sq. ft. The premium derived from this district since its inception exceeds $242 million.
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