7.06 Apart from sales by public auction and tender, there was a continuing requirement for land needed for Government, institutional or community projects such as schools, hospitals, police stations, fire stations, low cost housing, parks and playgrounds. Land for these purposes is granted by private treaty or allocated to Government Departments and during the year 33 private treaty grants were made and there were 52 Government Land Allocations.
Property Management Division
7.07 The Property Management Division is responsible for the letting and management of premises owned but not occupied by Government and it conducts negotiations for the letting of Government buildings and piers which are not required for the time being for Government purposes or which are intended for non-Government use. It also manages buildings on former leased land which have reverted to the ownership of the Crown either through re-entry, expiry of the lease or purchase by agreement.
7.08 The Property Management Division is also responsible for the management on a temporary basis, pending sale, of those properties, or parts of properties, which have reverted to Government in the form of the Colonial Treasurer Incorporated due either to the failure of a former owner of a part interest to take up the offer of an assignment or because of a breach of user conditions.
7.09 The amount of rent collected during the year totalled about $8.98 million. Thirteen properties were taken under management, either for failure to pay instalments of premium or where the Crown lessees did not take up an offer of renewal of the Crown lease, 31 properties were disposed of by public auction sale where the sites were not required for public purposes, and 7 further properties were being processed for sale. In the Urban Renewal area 35 old properties were being managed at the end of the year. Demolition work commenced within Phase I of the Urban Renewal Pilot Scheme area, where 5 properties were demolished and demolition work was in progress in respect of 20 more. Towards the end of the financial year this Division was receiving a number of properties within the Yaumati and Wan Chai improvement areas and it is expected that this work will increase.
7.10 Approximately 220 properties were under management at the end of the year and this comprised a total of about 500 lettings. In addition 7 commercial piers and 18 ferry piers were managed and various wayleaves, licences, etc. issued. Co-operation was maintained
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7.06 Apart from sales by public auction and tender, there was a continuing requirement for land needed for Government, institutional or community projects such as schools, hospitals, police stations, fire stations, low cost housing, parks and playgrounds. Land for these purposes is granted by private treaty or allocated to Government Departments and during the year 33 private treaty grants were made and there were 52 Government Land Allocations.
Property Management Division
7.07 The Property Management Division is responsible for the letting and management of premises owned but not occupied by Government and it conducts negotiations for the letting of Government buildings and piers which are not required for the time being for Government purposes or which are intended for non-Government use. It also manages buildings on former leased land which have reverted to the ownership of the Crown either through re-entry, expiry of the lease or purchase by agreement.
7.08 The Property Management Division is also responsible for the management on a temporary basis, pending sale, of those properties, or parts of properties, which have reverted to Government in the form of the Colonial Treasurer Incorporated due either to the failure of a former owner of a part interest to take up the offer of an assignment or because of a breach of user conditions.
7.09 The amount of rent collected during the year totalled about $8.98 million. Thirteen properties were taken under management, either for failure to pay instalments of premium or where the Crown lessees did not take up an offer of renewal of the Crown lease, 31 properties were disposed of by public auction sale where the sites were not required for public purposes, and 7 further properties were being processed for sale. In the Urban Renewal area 35 old properties were being managed at the end of the year. Demolition work commenced within Phase I of the Urban Renewal Pilot Scheme area, where 5 properties were demolished and demolition work was in progress in respect of 20 more. Towards the end of the financial year this Division was receiving a member of properties within the Yaumati and Wan Chai improvement areas and it is expected that this work will increase.
7.10 Approximately 220 properties were under management at the end of the year and this comprised a total of about 500 lettings. In addition 7 commercial piers and 18 ferry piers were managed and various wayleaves, licences, etc. issued. Co-operation was maintained
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