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1. Housing Authority accepts leasing proposal for North Point Estate site

1. Housing Authority accepts leasing proposal for North Point Estate site
Hong Kong Government, 30 September 2004

The following is issued on behalf of the Housing Authority:

The Housing Authority (HA) has accepted a leasing proposal for display and sale of motor vehicles for the Eastern lot of the former North Point Estate.

The 13,000 square metre unpaved site will be leased for a fixed term of 15 months from tomorrow (October 1). HA will receive monthly rental of $81,000 exclusive of rates and Government rent.

"Apart from securing a monthly rental income, the leasing could also save the daily maintenance or management costs and Government rent, which would otherwise be borne by the HA should the lot be left idle," a spokesman for the HA said today (September 30).

The spokesman added that the site was cleared in November last year and would be returned to the Government according to an earlier decision by the HA.

The Eastern lot is one of the three separate lots at the former North Point Estate.

Earlier this month, the Western lot was leased to the Arts Development Council for performances or exhibitions of arts and cultural activities for a fixed term of 16 months.

The Central lot is currently operated by an approved car park operator as an open car park under a car park management contract commencing from June 1 this year.