1969-1970 — Page 94

Committee

Industrial Sites Co-ordination

Committee

Port Works Liaison Committee

Roads Committee

Traffic Management, Road and

Parking Sub-Committee of the Transport Advisory Committee

Castle Peak and Sha Tin Works and

Management Co-ordination Committees (4)

Six Colony Outline Planning

Working Committees

Representative

Government Land Agent Chief Planning Officer

Principal Government Land Agent Chief Planning Officer

Government Town Planner

Senior Planning Officer (New

Territories)

Government Town Planner

Senior Planning Officer (Colony Outline

Planning Division)

Resettlement Programme Committee Senior Planning Officer (New

Government Low Cost Housing

Programme Committee Working Party on Questions for

1970 Census of buildings and establishments and 1971 Census of Population

Standing Committee on Road Use

Territories)

Senior Planning Officer (New

Territories)

Senior Planning Officer (Colony Outline

Planning Division)

Chief Planning Officer

LAND BRANCH

Government Land Agent:

I. L. STANTON, F.R.I.C.S.

J. P. POTTER, A.R.I.C.S., A.A.I. (Acting)

General

7.04. The year saw a complete revival of the property market which had been depressed since 1965. There was considerable demand for land suitable for development for industrial, residential and commercial purposes which resulted in land values returning to the level of the previous highs realized prior to 1965. The highlight of the year was the sale by auction of a lot in the heart of the Kowloon Peninsula, suitable for hotel development, which attracted international attention. In view of the high value of the lot new terms were introduced which permitted payment of the sale price by instalments, free of interest, over ten years. With the benefit of these terms, the lot was sold by public auction on 28th November, 1969 for $130 million—approximately $2,661 per sq. ft.

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