58.
Of the Consolidated Account expenditure in 1988-89,
12.6% will be allocated to housing. In 1988-89, the Housing
Authority expects to produce some 45,000 rental flats, the highest number of such flats ever produced in a single year.
12,160 flats are expected to be produced under the Home Ownership and Private Sector Participation Schemes next year, over the average annual production target under
these Schemes. This increased production level will help meet the very welcome demand for home purchase.
which is 21%
59.
Net land production in 1988-89 is expected to be 165
hectares compared with a revised estimate of 174 hectares for
1987-88. Over the three years of the forecast period 1989-90 to
1991-92, total production is expected to be 1,092 hectares (25).
(25) This includes land to be formed (net of internal roads) under on-going and committed projects in the Public Works Programme and the Public Housing Development Programme and land to be formed by the private or subsidised sector under conditions of land sale/grant. A breakdown of the total land production is as follows:
Year
1989-90
1990-91
1991-92
Production (Hectares)
302
343
447
/60. I
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