Table 5
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13
substantial increases, by 152%, 54% and 36%
respectively, were recorded for planned developments
of industrial property, commercial property and other
types of property (such as hotels, cinemas and school
buildings), while planned developments of residential
property fell by 52% in terms of units or by 53% in
terms of floor area (Table 5).
21.
Comparing the twelve months ending March
1990 with the same period a year earlier, planned
developments of industrial property, commercial
property, and other types of property also increased,
by 46%, 58% and 32% respectively, while planned
developments of residential property decreased by 38%
in terms of floor area or by 41% in terms of number of
units. Taking all types of property together, planned
developments increased by only 2% over the period.
(e) Land disposal
22.
During the first quarter of 1990, a total of
7.5 hectares of land were sold at Government auctions
and by tender (including Letter A/B tenders). This
was made up of 1.1 hectares for industrial use and 6.4
hectares for non-industrial use. The results of the
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