During the first quarter of 1955 the Tai Hang Tung Estate was completed and handed over to the department. It cost $8 million to build, houses 24,000 persons and brings in $850,000 a year in rent.
During the same quarter the first block of the new Li Cheng Uk Estate, between the Taipo and Castlepeak Roads, was completed and progress was made with the clearance of squatters from the sites required for the remaining twelve blocks.