ENG-1985 — Page 190

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HOUSING

The second sales exercise (Phase VIIB) began in March, and a total of 5 020 PSPS flats in four estates were sold. Prices ranged from $103,500 for a 43 m2 flat at Prime View Garden in Tuen Mun to $406,900 for an 81 m2 flat at Greenwood Terrace in Chai Wan.

The Phase VIIC sales exercise was held in July, and involved 2 800 HOS flats and 978 PSPS flats. HOS prices ranged from $81,000 for a 43 m2 flat at Siu Hei Court in Tuen Mun to $217,000 for a 55 m2 flat at Ming Nga Court in Tai Po. Prices for the PSPS flats were in the range of $272,000 for a 63 m2 flat to $450,000 for a 92 m2 flat, all at Neptune Terrace in Chai Wan. Finally, in November, 7 060 flats in Tuen Mun, Tsing Yi, Wong Tai Sin and Tai Po were offered for sale in Phase VIIIA at prices ranging from $82,600 to $337,100.

Urban Housing

Two major contracts were awarded during the year for housing projects at Ap Lei Chau on the south side of Hong Kong Island - Lei Tung Phase II comprising 3 248 rental flats and Yue On Court with 1 848 Home Ownership flats. On the east side of Hong Kong Island, site formation work was well underway at Siu Chai Wan, while piling work for another rental estate at Chai Wan had started. These two sites together will provide 6.900 rental flats and 660 Home Ownership flats.

Other new sites on Hong Kong Island have been identified and they will add a further 7 140 rental flats and 1 050 Home Ownership flats in the urban area. The detailed planning for one of these sites, on land to be reclaimed at Kellet Bay, was completed.

In East Kowloon, tenders were invited for site formation work for an estate at Lam Tin South. This is one of the largest housing sites in the urban area and is planned to accommodate 5 880 rental flats and 1 400 Home Ownership flats. The estate is scheduled to be completed in stages between 1991 and 1992.

In central Kowloon, construction work on the 7054 flats in the remaining phases of Chuk Yuen Estate had started, while the 1 680 Home Ownership flats in the first phase of Tin Ma Court at Ma Chai Hang were nearing completion. Construction of the 3 340 Home Ownership flats at Diamond Hill was on schedule and expected to be completed in late 1986.

Housing in New Towns and Rural Townships

In the Tsuen Wan/Tsing Yi area, the contract for the construction of 3 426 flats in the first phase of Cheung On Estate on Tsing Yi Island was awarded, and piling work for its second phase comprising 3 625 flats commenced.

In Sha Tin, 2 416 flats were completed under Pok Hong Estate Phase II, and a further 12 570 flats will soon be completed in Hin Keng, Sun Chui and Kwong Yuen Estates. Farther down the Shing Mun River, 10 600 rental flats and 1 050 Home Ownership flats are under construction at Ma On Shan. Hang On Estate, the first estate in Ma On Shan, is scheduled for completion by late 1986.

In Tuen Mun, 2 800 flats in Siu Hei Court, the second largest Home Ownership Scheme in the area, have been completed. Construction work on the first two phases of Leung King Estate started, and work was progressing smoothly on the remaining phases of Shan King Estate. Upon completion, these two estates will provide a total of 12 860 rental flats.

Construction work on the first two phases of another major housing project in Tai Po began. When fully completed in 1989, this estate will provide a total of 8 800 rental flats. Other rental estates under construction in the northeastern New Territories include Fu Shin in Tai Po, Cheung Wah in Fanling, and Tin Ping in Shek Wu Hui. These estates will add a further 11 290 flats to the housing stock in the next two years.