per
l.c.
ant per cent
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2
services and infrastructure provided for it. In general terms, this is likely to remain the case, although it applies much more emphatically in areas more distant from or less well connected with the Urban Areas. In Tuen Mun, for instance, private investment was especially slow in the early stages. In Fanling/Sheung Shui, although better served by transport in its early stages than Tuen Mun, the pattern has been similar. The present population is about 120,000 with 70% living in public housing (including Home Ownership Scheme flats) and 30% in private sector housing. The planned population on full development is double that figure, but the final ratio of public to private housing is expected to be about 58 to 42. The shift in balance will take place gradually, as it has in other new towns.
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A substantial proportion of the land zoned for private development in Fanling and Sheung Shui is in private ownership and is expected to be redeveloped. encourage redevelopemnt of the central areas zoned for commercial residential use, the maximum permissible plot ratio was recently increased. An approximate average of 4 hectares of residential and residential/commercial land per
four to five
We have year is programmed for sale in the next 4-5 years. every reason to believe that this land will be popular with investors. We are also considering changes of policy in respect of other residential zones to encourage earlier development by the private sector.
Industry
Investment in industrial development is closely
the related to both entrepreneurial demand and also to the availability of labour. The earlier planning of new towns assumed that a high proportion of the employment of those housed would be in local industry, and the successful provision of housing was closely related to the provision