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Wednesday, February 28, 1973
This compared with 253,000 square feet of non-industrial land and
114,000 square feet of industrial land sold this year.
In the New Territories, about 485,000 square feet of non-industrial
land and 315,000 square feet of industrial land would be put up for sale during
the first half of the year, compared with 123,000 square feet of non-industrial
land and 90,000 square feet of industrial land sold this year.
Baid.
"However, the outlook is not all that bleak," the Financial Secretary
He said that over the next two years the land to be made available
in the lay-out areas in the New Territories by exchanges would be about two
to three acres for non-industrial use and 20 acres for industrial use,
The land sale programme in the new towns at Shatin and Castle Peak,
he said, would depend on three factors:
On the progress of the respective road link: with Kowloon via the second Lion Rock Tunnel and the improved Castle Peak Road, both of which are in the Public Works Programme,
On the vast programme of public housing, which
must provide for the work force for industries moving to new towns, and
On the practicability of forming land and providing the necessary services.
The Financial Secretary said that ultimately a total of 290 acres
of land for private residential and commercial development,170 acres for industrial-
use would be available at Shatin, and 170 acres and 200 acres respectively in
the Castle Peak area.
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