FS VISITS HOUSING SITES
WEDNESDAY, JULY 13, 1994
TSEUNG KWAN O, MA ON SHAN AND TIN SHUI WAI ARE THE MAIN AREAS OF DEVELOPMENT IN THE NEW TERRITORIES FOR THE REST OF THE DECADE, THE FINANCIAL SECRETARY, SIR HAMISH MACLEOD, SAID TODAY (WEDNESDAY).
SPEAKING TO REPORTERS AFTER VISITING A NUMBER OF HOUSING SITES IN THE THREE AREAS, SIR HAMISH SAID RESIDENTS IN THESE NEW TOWNS WOULD BE ABLE TO ENJOY SPACIOUS ENVIRONMENT, BALANCED COMMUNITY FACILITIES AND MODERN HOUSING DEVELOPMENT.
THE SITES WERE ANONG THE 120 HECTARES OF LAND IDENTIFIED BY THE TASK FORCE ON LAND SUPPLY AND PROPERTY PRICES AS POTENTIAL HOUSING SITES WHICH MAY PRODUCE AN EXTRA SUPPLY OF UP TO 60,000 RESIDENTIAL FLATS BEFORE 2001.
ON FULL DEVELOPMENT, SIR HAMISH SAID, THE THREE NEW TOWNS WOULD TOGETHER PROVIDE HOMES FOR A TOTAL OF ABOUT ONE MILLION PEOPLE.
IN TANDEM WITH THE DEVELOPMENT OF THESE NEW TOWNS, HE SAID, THE WOULD IMPROVE ROAD LINKS BETWEEN NEW TOWNS AND THE URBAN
GOVERNMENT AREA.
SIR HAMISH ALSO POINTED OUT THAT WITH ROUTE-3, THE TRAVELLING TIME BETWEEN TIN SHUI WAI AND KENNEDY TOWN WOULD ONLY BE 25 MINUTES.
HE STRESSED THAT THERE WAS NO SHORTAGE OF LAND IN HONG KONG, PARTICULARLY IN THE NEW TERRITORIES, AND THE GOVERNMENT WOULD SPEED UP THE PROVISION OF INFRASTRUCTURE TO BRING FORWARD THE DEVELOPMENT OF LAND IN THE NEW TERRITORIES FOR HOUSING.
DURING THE VISIT, SIR HAMISH WAS ACCOMPANIED BY THE SECRETARY FOR WORKS,
MR JAMES BLAKE, AND THE DEPUTY SECRETARY FOR PLANNING, ENVIRONMENT AND LANDS, MRS FANNY LAW.
HE WAS ALSO BRIEFED ON THE DEVELOPMENT OF THE THREE NEW TOWNS THE DIRECTOR OF TERRITORY DEVELOPMENT, MR CHOW CHE-KING, AND HIS STAFF.
BY
OLD AGE PENSION SCHEME NOT A BURDEN: FS * * * * *
THE FINANCIAL SECRETARY, SIR HAMISH MACLEOD, SAID THE OLD AGE PENSION SCHEME WOULD NOT BE A BURDEN TO THE HONG KONG ADMINISTRATIVE REGION (SAR) GOVERNMENT.
PROPOSED SPECIAL
SPEAKING TO REPORTERS AFTER VISITING A POTENTIAL NEW HOUSING SITE AT TIN SHUI WAI, SIR HAMISH SAID THE SCHEME HAD BEEN CAREFULLY DESIGNED NOT TO BE A BURDEN TO ANYONE.
50
THE LEVEL
OF
"THE PROJECTIONS SHOW VERY CLEARLY THAT EVEN IF YOU PROJECT AHEAD
50 YEARS, IT IS A LONG CONTRIBUTIONS WILL BE SUFFICIENT.
YEARS
TIME
/"AND OF