development areas amounting to dvor 100, hectares (excluding tho Kival Chung Container Port) woto suitable for disposal to the private sector and that this should be done as doon as possible.
96.
The "Working Group also studied the potential for lazgo scale comprehensive development by the private sector.
Junk Bay Now Town was identified as suitable for the creation of a large package for comprehensive development by the privato sector in the context of the planning of the now town there. Further possibilities for this sort of privato ooctor involvement in land formation and engineering. work oxiot. but cannot be pursued until major strategic planning studios are completed in 1983. Provision for the identification 02 citec suitable for comprehensive engineering and building development private sector will be included, at tho appropriate time, in the planning brief for any new aroa in which it is decided to undertake large scale urban development.
97.
of a
•
by
the
Finally, the Working Group recommended that the concept development corporation should be studiod in Sreator detail. The Government expects to employ consultants towardo the end of this year and their findings should be available by the middle of next year.
98.
(c) Land Exchange Entitlement Folicy
The Land
Exchange Entitlement System, which wad introduced in 1960, has run into difficulties, in part because more of the development land produced has been taken up to moet the needs of greatly expanded housing and rolated programmce. The outstanding Letter B commitment is Dow Come 40 million i oquare feet on an agricultural land basis.
In thego. circumatances, the Government had coached the conclusion that land exchange entitlaments should coase to be issued with effoot from the earliest possible date% The implications of this are boing discussed with the Boung Yeo Kuk. In addition, the Government · is carefully concitoring ways of zoducing the
1
·
/outstanding