4
e)
f)
which will produce housing for over
250,000 people in a single year (1979/80).
A long pipeline of planned and timed
resumptions, clearances, site formations,
provisions of services, and lettings of
piling and building contracts ensures that
this figure will be maintained each year
for the subsequent five years. These years
will at last drastically change the demographic
map and housing standards of Hong Kong.
Construction of 40,000 Government flats
for sale under a government Home Ownership
Scheme has started. The special terms offered
are intended to fill some of the gap left by
the absence of a provident fund scheme such
as exists in Singapore.
latter suggests that its mortgage facilities
for house purchase are preferred to retirement
benefits as an insurance for security in old
age.
Experience of the
In a place as crowded and still as badly
housed as Hong Kong, provision for leisure
becomes an important obligation of Government.
Good progress was made in this field, including
the expansion of the new Recreation and Sports
Service to cover all city and rural districts;
CONFIDENTIAL