TUESDAY, JUNE 26, 1984
2
POLICY OBJECTIVES HAVE BEEN TRANSLATED INTO REQUIREMENTS FOR NEW LAND, AND THESE HAVE BEEN COMPARED WITH THE CURRENT LAND PRODUCTION FORECAST TO ASSESS THE EXTENT TO WHICH POLICY OBJECTIVES COULD BE MET.
IN ITS ASSESSMENT OF LAND REQUIREMENTS FOR VARIOUS LAND USES, THE COMMITTEE HAS AGAIN STRESSED THE IMPORTANCE OF TAKING A LONGER TERM VIEW OF THE MARKET POTENTIAL WHICH OUGHT NOT TO BE INFLUENCED BY SHORT TERM MARKET CONDITIONS.
THE COMMITTEE'S MAIN CONCLUSIONS ARE
* FORECAST LAND PRODUCTION SHOULD BE SUFFICIENT TO SUSTAIN
PRODUCTION OF PUBLIC RENTAL HOUSING AT 27 000 FLATS A YEAR (A FURTHER 3 000 FLATS ARE TO BE PRODUCED THROUGH REDEVELOPMENT WHICH DOES NOT REQUIRE NEW SITES) UP TO 1986-87, BUT GROWING DEFICITS ARE EXPECTED TO OCCUR AFTER 1987-88. CONTINUOUS EFFORTS ARE BEING MADE TO IDENTIFY ADDITIONAL SUPPLEMENTARY SITES TO MEET PART OF THE SHORTFALL AND IT IS EXPECTED THAT THE FORMULATION OF AN OVERALL TERRITORIAL DEVELOPMENT STRATEGY CAN IDENTIFY SUITABLE AREAS FOR LONG TERM DEVELOPMENT TO SATISFY DEMAND.
* FORECAST LAND SUPPLY SHOULD BE SUFFICIENT TO SUSTAIN
PRODUCTION AT 10 000 FLATS A YEAR FOR BOTH HOME OWNERSHIP SCHEME AND PRIVATE SECTOR PARTICIPATION SCHEME DEVELOPMENT FOR 1985/86.
* THERE SHOULD BE A MORE THAN ADEQUATE LAND SUPPLY FOR THE
PRIVATE SECTOR TO CONTRIBUTE AN AVERAGE OF 27 000 FLATS A YEAR FOR THE NEXT FIVE YEARS WITH SUFFICIENT CAPACITY TO ENABLE PRODUCTION TO INCREASE, SHOULD MARKET CONDITIONS IMPROVE. THE COMMITTEE RECOMMENDS THAT A DETAILED STUDY SHOULD BE UNDERTAKEN TO EXAMINE THE SOCIO-ECONOMIC BACKGROUND OF THE PUBLIC AND PRIVATE SECTORS AND THE PATTERN OF PRIVATE HOUSING INVESTMENT WITH A VIEW TO ARRIVING AT AN APPROPRIATE HOUSING MIX TO MEET THE NEEDS OF ALL INCOME GROUPS.
* THERE WILL CONTINUE TO BE AN OVER-SUPPLY OF LAND FOR
MANUFACTURING INDUSTRY BOTH IN THE MEDIUM AND LONG TERM. THE COMMITTEE HAS RECOMMENDED THAT THE GOVERNMENT SHOULD CONTINUE TO EXAMINE LONG TERM DEVELOPMENT TRENDS IN MANUFACTURING INDUSTRY IN ORDER TO ASSESS WHETHER, IN THE LIGHT OF THE GOVERNMENT'S TRANSPORT AND OTHER OBJECTIVES, IT IS POSSIBLE TO ACHIEVE EMPLOYMENT BALANCE IN THE NEW TERRITORIES.
IN ADDITION TO ITS WORK IN SETTING TARGETS, FORECASTING SUPPLY AND MONITORING PERFORMANCE IN LAND SUPPLY, THE COMMITTEE HAS ALSO STUDIED SUCH RELATED TOPICS AS:
THE RELEASE