i
92.
The Goveinmont's policy is that formed and
_
servicod
land should readily available to mook the needs of the public works programme and the private sector, including industry.
93.
In this financial year, the total not land area which will become available is expected to bo 994 hectares, 500 in the urban aroa and 494 in the Now Tozritories. The bulk of this
land is within the Now Towno whore 84 hectares of serviced land
for industry, 45 hectares for private residential and commercial development, 47 hectares for public housing, and 245 hectures for community and government. facilities will be available. I 1933-84, the total net land aroa which is ozpected to become available is 593 hectares and, in 1984-85, 596 hectares.
94.
In 1981-82, a total of 79 hactares of Crown land was disposed of through the land cales programno, and anothos 143 hectares was sold to the Industrial Estatos Corporation for the Yuen Long Industrial Batato. In this financial year, the land palos programme onvisageo cales of 56 hectares, plus an additional 40 hectarea for a mariga at
for a matiça at Tuon Mun. In racont timos high interest rates have caused dovolopers to bo moke careful about acquiring land. This pakos it even more important that we have land of the right sort available for disposal to the private sector. The Special Committee on Land Supply has the task of monitoring this situation. While keeping a close
watch on the short-term nooda of tho private
the Committee will also take a long term view of the overall needs of the economy and the community in general.
95.
·
(b) Private Sector Participation in Land
Production
Bector
We have, over the last year, considered the question of increasing the participation of the private sector in land `production. A Working Group under the Special Committee on Land Supply recommended in July that throw major areas (totalling 30 Nectares) Ад the urban
area and aitog in the now town
/development