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Wednesday, August 30, 1972
LAND SALE PROGRAMME
The Acting Director of Public Works, the Hon. A.S. Robertson
IT
said today that the land sale programme in the urban areas within the
next two years will run at a similar rate to that of "the recent past.
The six-month land sale forecast from October until next March
provides for the sale of five to six acres of industrial land, about
20 acres of residential land and about one acre of land for commercial
development.
Mr. Robertson, who was replying to a question by the Hon. 2.W. Lee,
said it was expected that a similar scale would be maintained in the
forecast for the year commencing on April 1, 1973, with some increase
in the amount of industrial and commercial land.
Industrial land and residential sites are expected to be available
at Chai Wan and Cheung Sha Wan. The Wan Chai Reclamation will also
provide three to four acres of commercial land.
Mr. Robertson said about 25 acres of industrial land would be
available for sale in the New Territories, about half of which would be
in Sha Tin and half in Kwai Chung. The Commercial and residential land
would not be available for auction to any extent, but a supply would be maintained
by exchanges.
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