TN SHV
WAI.
охо HKK. 0x0/1
(a)
the scheme would provide a significant boost to the housing programme at a time
when there are still
outstanding housing needs of some magnitude. This, in turn, could help stabilise property prices;
(e) the project would be funded.
and implemented largely from the developer's own resources, thus reducing demands on Government;
(f)
the provision of properly
balanced infrastructure and
facilities in a new town
would be more cost-effective
than the upgrading of similar facilities in existing urban areas;
(g) the scale of development
envisaged would offer opportunities for the introduction of efficient,
faster and more cost-
effective construction
techniques than used at present. The development of these techniques could have appreciable benefits in meeting housing needs elsewhere in Hong Kong.
ANNEX H (contd)
(d) The scale of the housing
programme must take account
of other economic and social
priorities. Housing development at Tin Shui Wai
may have to be at the expense of housing development else- where. However, some addition- al provision would provide a buffer against slippage.
(e) Heavy capital expenditures
by Government would still be incurred, particularly for resumptions and external
infrastructure.
(f) This assumption is not based
on any detailed comparative economic assessments, Studies
on opportunities for new development and reclamations
in the urban areas are now
proceeding.
(g) The possibilities in this direction are recognised.
However, the efficiency of the construction industry is already at a relatively high level.