16
Wednesday, March 25, 1970
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The plan also provided the framework within which private development
could take placo.
"I would like to see Hong Kong's enterprising roal estate companios
direct their attention to acquiring small lots within this area for amalgamation
and comprchonsivo rodevelopment on an imaginative scale," he said,
"I havo already recommondod acquisition of 150 such proportios and
78 offors to purchase havo boon made to the rospective owners, 20 of whom
havo accoptod."
Funds For Rodevelopment
Funds had also been set aside for rodevelopment by the Government
of 13 acros of land botwoon Hollywood and Quoon's Roads
pilot planning area within the urban ronowal district.
chosen as the
"It is proposed to subdivide the pilot schomo into three phases
and I hope that rosumption proceedings can be initiated in respect of the
first phase before the end of the year," he said.
Acquisition, clearance, domolition, disposal and redevelopment would
tako a number of years for oach phase, but the whole scheme should be completed
within about six to soven years.
On the sale of urban land over the next six months, Mr. Robson said
about 800,000 squaro foot would bo available, of which about 600,000 square
foot was rosidontial.
But he wondered if the building industry had the capacity to handle
inmodiately the extra volume of work which the devolopment of those now sites
ontailed. It already soomed to be fully stretched in dealing with those
projects which had now rostarted after boing in aboyanco for somo years, plus
the normal work load provided by tho Public Works Programmo.
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Tom tho progress ******