بریک
Manages
Alny for Honan Man belter than ay where plu" excl UK (ai HKV)
Less emphasis
#
Producton I formed
lave for houng
에서
by freight reflanges well.
as hourgimity.
"Cash of home owmething
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memes. With cultur t more just-alrove
Briefing for H.E. on Housing
improvement of ind
housy
in new Grancrances
36012 19th Kari 1979.
ED IN RA
YHC. 5 Maryama
1 5 NOV 1979
Public Housing Construction peK OPMODA
INDEX
TIA
PA.
A.J
noted
REGISTRY Action Takes
Bo to the Lets o
completion or mats were
In 1978/79 actual complet: 14,135 as against 17,500 any
year. The flats delayed were at Shun Lee, Shek Kip Mei and Cheung Shan, due to bad weather, shortage of skilled building labour and shortages of cement.
For 1979/80 production is now anticipated at 35,548 flats (including 8,373 home ownership) instead of 43,035 estimated last year. These contracts were let during 1977/78 on very tight time schedule, but since then the pressure on the construction industry has been such that three major contracts will over-run the financial year by one to two months and one conversion scheme has been delayed through inability to vacate the blocks on time.
Over the 5-year period 1978/79-1982/83 production is now estimated as follows:
Quarterly Report
Now Envisaged
31.12.78
1978/79
14,135
1979/80
43,035
1980/81
38,641
1981/82
37,537
1982/83
41,996
Total
175,342
1.3.79
14,135
35,548
35,307
34,814
34,868
154,672
This revised programme from 1980/81 onwards
was produced based on the financial restraints over the next few years. Adjustments have been made by deferring the letting of certain contracts and extending the completion dates of others. A number of sites originally programmed for this 5 year period were deferred to the post-1983 period, thus enabling production to be maintained. However, additional sites must be identified soon to enable production to continue at this level in 1984/85.
The Financial Secretary has agreed that sufficient funds will be made available from the Development Loan Fund and the Home Ownership Fund to maintain the agreed level of production. Although Annex 8 to the Budget Speech refers to DLF drawings of $3,260m for the four year period 1979/80 to 1982/83, this is only the amount required to build the flats being completed during that period (111,000). However, to maintain the agreed revised rental programme will require the following expenditure at January 1979 prices:
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