+
THURSDAY, JULY 24, 1986
UNDER THE PROPOSED POLICY, WHICH WILL NOW GO TO THE DISTRICT BOARDS FOR FURTHER CONSULTATION, COMPLAINT CASES WILL BE DIVIDED INTO HIGH AND LOWER PRIORITY,
+A KEY PART OF THE PROPOSAL IS THAT IMMEDIATE DEMOLITION UNITS BE ESTABLISHED TO TAKE PROMPT ACTION, HE SAID.
+SECTION 24 OF THE BUILDINGS ORDINANCE WOULD BE AMENDED TO GIVE THE BUILDING AUTHORITY ADDITIONAL POWER TO DEMOLISH, REMOVE OR ALTER UBW WITHOUT FIRST SERVING AN ORDER IN WRITING ON AN OFFENDER,
+ IN PRACTICE ONE OR TWO DAYS' NOTICE WILL BE GIVEN BEFORE DEMOLITION IS ACTUALLY CARRIED OUT. CERTAIN OTHER LEGISLATIVE AMENDMENTS ARE ALSO PROPOSED, HE SAID.
ON THE STATE OF THE PROPERTY MARKET, MR CHENG SAID THERE WAS A STRONG RECOVERY IN 1985 AND THE MARKET APPEARED TO HAVE ENTERED A PERIOD OF CONSOLIDATION IN THE FIRST HALF OF 1986.
PRICES AND RENTALS FOR MOST CATEGORIES OF RESIDENTIAL PROPERTY HAD GENERALLY STABILISED, WITH SOME DECREASES RECORDED FOR LARGER FLATS. THE DEMAND FOR SHOPPING SPACE, PARTICULARLY IN PRIME LOCATIONS, HAD HELD FIRM, ABSORBING AN EARLIER OVER-SUPPLY SITUATIJ...
THE MARKET IN OFFICE ACCOMMODATION HAD REMAINED STRONG, PARTICULARLY FOR HIGH QUALITY OFFICES IN PRIME LOCATIONS, AND THIS COULD BE EXPECTED TO CONTINUE UNTIL LATE 1987 BECAUSE OF TEMPORARY SHORTFALL IN PROVISION OF NEW SPACE.
FACTORY SPACE WAS STILL READILY AVAILABLE, AND MORE THAN ADEQUATE TO MEET DEMAND - THUS, INDUSTRIAL SALE AND RENTAL LEVELS REMAINED FAIRLY STATIC.
WITH REGARD TO LAND, HE SAID, SALES THROUGHOUT THE FIRST HALF OF THE YEAR HAD GENERATED CONSIDERABLE INTEREST AND PARTICIPATION, ACHIEVING REASONABLE BUT NOT EXCESSIVE PRICES.
ON THE CONTINUING WORK ON THE TERRITORIAL DEVELOPMENT STRATEGY (TDS), WHICH THE EXECUTIVE COUNCIL ORIGINALLY ENDORSED TWO YEARS AGO, MR CHENG SAID IT HAD BECOME NECESSARY TO UPDATE THE EARLIER RESULTS IN THE LIGHT OF CHANGING CIRCUMSTANCES.
+ I AM PLEASED TO SAY THAT THE RESULTS OF THE WORK CARRIED OUT IN THE LATEST STUDY HAVE CONFIRMED THE MOST COST-EFFECTIVE STRATEGIC GROWTH AREAS REMAIN ALDRICH BAY RECLAMATION, HUNG HOM BAY RECLAMATION, WEST KOWLOON RECLAMATION, CENTRAL-WAN CHAI RECLAMATION, GREEN ISLAND RECLAMATION AND POK FU LAM, DESPITE THOSE CHANGES IN THE PLANNING DATA.
/+MUCH WORK