WEDNESDAY, OCTOBER 7, 1981
9
100 HECTARES OF LAND AVAILABLE THIS YEAR
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THE GOVERNMENT HOPES TO SELL CLOSE ON 100 HECTARES OF LAND THIS YEAR, THE GOVERNOR, SIR MURRAY MACLEHOSE, TOLD THE LEGISLATIVE COUNCIL TODAY.
HE WAS CONFIDENT THAT THE GOVERNMENT WOULD ACHIEVE AT LEAST A SIMILAR LEVEL OF SALES IN 1982/83.
SIR MURRAY POINTED OUT THAT THE TARGETS SET BY THE SPECIAL COMMITTEE ON LAND SUPPLY, CHAIRED BY THE HON MISS LYDIA DUNN, CALLED FOR THE SALE IN 1982/83 OF AT LEAST 58 HECTARES OF LAND FOR PRIVATE DEVELOPMENT.
+NEVERTHELESS WE MUST AIM AS FAR AS POSSIBLE TO EXCEED THESE TARGETS IN ORDER TO FURTHER HOUSING AND DIVERS IF ICATION AND TO ASSIST IN STABILIS ING LAND PRICES, THE GOVERNOR EXPLAINED.
ON LAND PRODUCTION, THE GOVERNOR SAID THAT IN 1982/83, TOTAL LAND FORMATION WAS EXPECTED TO REACH 580 NET HECTARES, WITH 84 HECTARES DESIGNATED FOR INDUSTRIAL DEVELOPMENT INCLUDING 34 HECTARES TO BE FORMED BY THE INDUSTRIAL ESTATES CORPORATION, 48 FOR COMMERCIAL AND PRIVATE RESIDENTIAL DEVELOPMENT AND 448 FOR PUBLIC PURPOSES, INCLUDING PUBLIC HOUSING, COMMUNITY FACILITIES AND ROADS.
TOTAL LAND FORMATION IN 1983/84 AND 1984/85 IS EXPECTED TO BE ON AVERAGE ABOUT 12 PER CENT MORE THAN THESE FIGURES FOR 1982/83, THE GOVERNOR ADDED.
+ALTHOUGH IN THEMSELVES THEY REPRESENT A STARTLING ADVANCE UPON LAND PRODUCTION IN THE LATE 1970'S, THEY ARE NO MORE THAN SUFFICIENT TO MEET OUR MINIMUM NEEDS AND EVERY EFFORT IS BEING MADE TO IMPROVE ON THEM, SIR MURRAY SAID.
THE GOVERNOR ALSO CALLED ON THE PRIVATE SECTOR TO PLAY AN IMPORTANT PART IN LAND PRODUCTION.
+OUR FIRM INTENTION IS TO EXPAND CONSIDERABLY THE OPPORTUNITIES FOR THE PRIVATE SECTOR TO BECOME INVOLVED IN THIS VITAL FIELD OF ACTIVITY.
+ IN PARTICULAR, I WOULD WISH TO SEE DIRECT PRIVATE SECTOR PARTICIPATION IN COMPREHENSIVE LAND PRODUCTION AND DEVELOPMENT AND ON A SCALE MUCH GREATER THAN EVER BEFORE.
+THE NEW TOWN DEVELOPMENT PROGRAMME AND OTHER LARGE-SCALE DEVELOPMENT IN THE NE TERRITORIES WILL PROVIDE THE NECESSARY OPPORTUNITIES, THE G.VERNOR SAID.
ON COMMERCIAL AND INDUSTRIAL BUILDING, SIR MURRAY SAID THE TOTAL STOCK OF FLOOR SPACE WOULD INCREASE BY 11 PER CENT THIS YEAR, AND BY A FURTHER 12 PER CENT NEXT YEAR.
/SIMILARLY,