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The spokesman said that the Government had to
decide between a number of approaches prepared by the
Victoria Barracks Planning Committee and by the Public
Works Department, and had taken account of the strongly
held views expressed in some quarters that a reasonable
proportion of the land should be sold for new development.
The Government also had been concerned that the release
of land in Victoria Barracks should produce benefits
for the population of Hong Kong at large as well as
for those who might enjoy the additional amenity which
would be provided for Central District and Wan Chai.
"By reserving some land for private development in the
Barracks area, the spokesman said "it is estimated that
a sun approaching $700 million might be raised in sales
and, by resiting the proposed Government office
building from the Murray Barracks area to Queensway,
sites in the former area, which would then be released
for sale, could raise an additional sum in excess of
$400 million.
Referring to the proposed consultency, the
spokesman said that the future use of Flagstaff House,
the retention of which was favoured by the Government,
would be included in the study. The Urban Council's
advice would be sought on the terms of reference for
the consultancy in view of the Council's experience
and interest in this field and because the area would
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