No question of uncertainty
I refer to the report which appeared in Property Post on June 16 headlined, 'Plot-ratio uncertainty clouds sale of Peak residential site', in which it was reported that developers are concerned about the alleged uncertainty over the gross floor area to be allowed in Rural Building Lot 1146, which is to be auctioned on June 29.
The Peak Area Outline Zoning Plan has, in fact, allowed a plot ratio of 0.5, or the existing gross floor area of the lot, whichever is the higher.
As the Government will sell the site subject to the existing building, this means that the successful bidder can build up to the existing gross floor area, that is 3,000 square metres, as stipulated in the conditions of sale.
The existing building is the Homestead Flats which are vacant government quarters.
There is no uncertainty either in the outline planning zone or the conditions of grant as far as permissible gross floor area is concerned.
W.K. CHUNG for Director of Lands