9.
tii
Industrial
2
4
5
2.01
1.39
1.67
iv
Private Sector
1
4
5
2.75 13.35
10.49
Participation
Scheme (PSPS)
V
Other Uses/Petrol Filling Station
3
3 5
1.04 66.80
9.25
The acting Principal Government Land Agent, Mr Nigel Burley, said the approximate number of flats that would be produced from the Commercial/Residential and Residential high and low density sites would total 5,800 and Private Sector Participation Scheme 10,100.
In addition, he emphasised, about 10,000 flats will be generated from 23.93 hectares to be granted during 1996-97 for Airport Railway related developments.
A further 5,300 flats would be produced from two Letter A/B exchanges involving 4.5 hectares of land at Tseung Kwan O, with considerable additional flats also resulting from other land exchanges/modifications.
Compared with 1995-96 the figures were:
i
Commercial/Residential and Residential
7,450 flats (13.74 ha)
(high and low density)
ii
Private Sector Participation Scheme (PSPS)
14,270 flats (13.35 ha)
iii
Airport Railway
12,280 flats (27.65 ha)
Of the 32 sites, Mr Burley said, only 13 were proposed for disposal by auction with the remainder to be sold by tender. This reflects the recommendations of the independent review panel set up in 1994 to report on auction arrangements as well as the nature of the sites concerned.
Mr Burley pointed out that in addition to the two Letter A/B Exchanges (sites in Tseung Kwan O) proposed for the traceable major holders of Letter A/B, two further sites would be tendered for Letter A/B (or Cash).
He noted that four sites amounting to 6.63 hectares had been tendered on this basis in 1995-96 but no tenders were received by Letter A/B and all sites were awarded on a cash basis.
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