- 4 -
"For the period beyond 2001, the Government has announced in the Territorial Development Strategy Review and the Long Term Housing Strategy Review a number of measures to ensure that there will be an adequate supply of land for housing. These include -
a)
developing reserved sites on current town plans; and redeveloping existing sites in the public and private sectors;
b)
developing strategic growth areas; and
rezoning land and increasing development density in selected locations.
c)
"These measures will produce sufficient land to meet the housing requirement of 390,000 new flats in the period from April 2001 to March 2006.
"Action is already in hand to commission the necessary planning and feasibility studies for a number of major strategic growth areas, such as the North West New Territories to ensure that no time is lost in supplying adequate land in good time to meet the community's housing needs," he said.
End
HK representatives to APEC business council reappointed
The Government today (Tuesday) announced the re-appointment of three Hong Kong representatives to the Business Advisory Council of the Asia-Pacific Economic Cooperation (APEC) for another term ending December 31, 1998.
The three are Dr Victor Fung Kwok-king, Chairman of Prudential Asia Capital Limited; Mr Gordon Wu Ying-sheng, Managing Director of Hopewell Holdings Limited; and Mr Victor Lo Chung-wing, Chairman and Chief Executive of Gold Peak Industries (Holdings) Limited.
The Secretary for Trade and Industry, Miss Denise Yue, said: "The Government is grateful to Dr Fung, Mr Wu and Mr Lo for their significant contributions to the work of the Council.