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ORAL ANSWERS TO QUESTIONS
Private investaient in new towns
{, MR. CHEUNG asked (in Cantonese) :
Questions As the participation of private sector developers
has played an important role in speeding up the development of new towns, will Government inform this Council what measures will be taken to improve the situation in new towns such as Sheung Shui, Fanling and Shek Wu Hui, which lack private sector investment?
SECRETARY FOR LANDS AND WORKS:
Sir,
=
I am very grateful to Mr. Cheung for raising this
now, subject to
big time because it is one to which the. administration has been giving considerable thought in the light of the recently revised housing strategy, and perceived changes in our patterns of employment. deal with the question in two parts. First/private investment in housing development and second:
second/private
investment in industrial development.
Housing development
2.
I will
7ᄉᄋ
If the New Towns are to function properly as communities, there must be a mix of both public and private development and the overall planning of each New Town makes provision for varying proportions of private and public housing. Historically and as a matter of policy all the new towns have been public housing led. This was a matter of necessity in the original programmes which were primarily dictated by the needs of the public housing programme, but it was also practical in private investment terms, because it was clear that private housing on any scale was more marketable against a background of a substantial public housing population and the supporting