THURSDAY, JANUARY 7, 1993
THE NEW ZEALAND
MINISTRY
OF COMMERCE INITIATED THE ANTI-DUMPING INVESTIGATION ON CERTAIN NON-LEATHER WOMEN'S FOOTWEAR FROM CHINA IN MAY LAST YEAR.
THE PRELIMINARY INVESTIGATION
WAS COMPLETED IN JULY, SINCR
THEN, PROVISIONAL DUTIES WERE IMPOSED.
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SANDWICH CLASS FLATS TO GO ON SALE IN AUG/SEPT
GOOD PROGRESS IS BEING MADE TOWARDS THE IMPLEMENTATION OF THE SANDWICH CLASS HOUSING SCHEME AND THE FIRST BATCH OF 1,000 FLATS FOR THE FAST START SCHEME WILL BE AVAILABLE FOR SALE IN AUGUST/SEPTEMBER THIS YEAR.
THIS WAS STATED BY THE SECRETARY FOR PLANNING, ENVIRONMENT AND LANDS, MR TONY EASON, IN HIS SESSION WITH THE MEDIA TODAY.
MR EASON SAID: "SITES ARE BEING IDENTIFIED FOR
THE
LONG-TERM SCHEME TO ENABLE THE HOUSING SOCIETY TO PRODUCE AN ANNUAL QUOTA OF 5,000 FLATS FROM 1995/96 ONWARDS TO BE SOLD AT CONCESSIONARY PRICES.
"DETAILS OF IMPLEMENTATION, SUCH AS APPLICATION PROCEDURES, ELIGIBILITY CRITERIA, RESALE RESTRICTIONS AND HOW APPLICATIONS WILL BE PROCESSED ARE BEING WORKED OUT WITH THE SOCIETY."
MR EASON SAID THE SCHEME WILL BE IMPLEMENTED IN PARALLEL WITH SUFFICIENT LAND SUPPLY TO THE MARKET TO ENABLE A STEADY SUPPLY OF NEW FLATS TO MEET DEMAND.
IT IS ESTIMATED THAT IN THE NEXT FEW YEARS THERE WILL BE A GOOD SUPPLY OF FLATS IN THE REGION OF 70,000 - 75,000 PER YEAR CONSISTING OF 40,000 FROM PUBLIC SECTOR AND 30,000 35,000 FROM PRIVATE SECTOR.
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MR EASON WAS GLAD TO SEE A CONSIDERABLE REDUCTION IN SPECULATIVE ACTIVITY IN THE RESIDENTIAL PROPERTY MARKET WITH RESIDENTIAL PRICES EASING BY ABOUT FIVE
L
10 PER CENT.
"THIS CLEARLY DEMONSTRATES THAT THE ANTI-SPECULATION TAKEN BY THE GOVERNMENT ARE HAVING AN EFFECT, HE SAID.
EL
MEASURES
MR EASON HOPED THAT THE BANKING AND PROPERTY SECTORS CONTINUED TO CO-OPERATE BY MAINTAINING THE 70 PER CENT LOAN TO VALUATION RATIO.
ON THE SEWAGE STRATEGY, MR FASON SAID PRELIMINARY DESIGN OF THE FIRST STAGE OF THE STRATEGIC SEWAGE DISPOSAL SCHEME IS SUBSTANTIALLY COMPLETED AND DETAILED DESIGN WILL BEGIN THIS YEAR.
PRIORITY IS BEING GIVEN TO SEWAGE TREATMENT ARRANGEMENTS FOR KOWLOON AND EASTERN HONG KONG ISLAND PRIORITY PROGRAMME DUE FOR COMPLETION IN 1997.
AND DISPOSAL IN THE
HIGH
/IN PARALLEL