Hopeful tenants lay siege to Stanley Fort
STANLEY Fort was under siege yesterday - not by invaders but by the first public tenants to move into the famous military site.
Since the married quarters were put on the market five weeks ago, property agent First Pacific Davies has been inundated with calls.
Of the 260 houses and flats on the market, 70 per cent have already been snapped up with the first tenants moving in yesterday.
With another 68 properties undergoing minor renovations, the agent is confident the site on Stanley Peninsula will be fully occupied by the New Year.
Rents, which start at $15,000 per month for a two-bedroom, 1,300 square foot flat and rise to $157,500 for a four-bedroom, 4,370 sq ft detached house with private garden, were set by the Government Property Agency.
All leases terminate on January 31, 1997, giving the Government five months to clear the site before handing it over to the People's Liberation Army (PLA).