SUNDAY, APRIL 1, 1905
A MORE-THAN-ADEQUATE LAND SUPPLY HAS BEEN FORECAST FOR THE PRIVATE SECTOR TO CONTRIBUTE AN AVERAGE OF 24 000 FLATS A YEAR FOR THE NEXT FIVE YEARS. IN VIEW OF THE CONSIDERABLE SURPLUS IN THE SUPPLY OF SITES FOR ALL TYPES OF PRIVATE HOUSING, THE COMMITTEE DOES NOT CONSIDER IT NECESSARY FOR LAND PRODUCTION TARGETS TO BE SET.
NEVERTHELESS IT FEARS THAT THIS SURPLUS SUPPLY SITUATION COULD LEAD DEVELOPERS TO CONCENTRATE ON PRIVATE SECTOR HOUSING IN THE URBAN AREAS LEADING TO AN IMBALANCE IN THE NEW TOWNS.
THE COMMITTEE THEREFORE RECOMMENDS THAT THE STUDY OF THE SOCIO-ECONOMIC BACKGROUND OF PRIVATE AND PUBLIC SECTOR HOUSING, AS WELL AS THE PATTERN OF PRIVATE SECTOR HOUSING INVESTMENT, SHOULD CONTINUE WITH A VIEW TO DETERMINING THE MOST APPROPRIATE HOUSING MIX TO MEET THE NEEDS OF PEOPLE IN VARIOUS INCOME BRACKETS AND THE WAYS IN WHICH THIS COULD BE ACHIEVED.
ON THE SUPPLY OF LAND FOR THE MANUFACTURING INDUSTRY, THE REPORT EXPECTS AN AMPLE SUPPLY BOTH IN THE SHORT, MEDIUM AND LONGER TERMS.
THE COMMITTEE HAS EXAMINED POSSIBLE APPROACHES TO ACHIEVING THE DESIRED DISTRIBUTION OF MANUFACTURING JOBS BY THE PRIVATE SECTOR, NOTWITHSTANDING THE RECOGNITION THAT A BALANCE BETWEEN RESIDENT LABOUR FORCE AND LOCAL JOB OPPORTUNITIES IS FAR MORE DIFFICULT TO ACHIEVE IN A FREE MARKET SITUATION.
HAVING REGARD TO THE PRESENT SUPPLY SITUATION AND MARKET CONDITIONS, THE COMMITTEE ENDORSES THREE DEVELOPMENT PROPOSALS DESIGNED TO FACILITATE BALANCED INDUSTRIAL DEVELOPMENT,
THESE PROPOSALS INCLUDE PUTTING ABOUT HALF OF THE REMAINING CROWN LAND ZONED +INDUSTRIAL+ IN KOWLOON BAY TO MEDIUM-TERM TEMPORARY USE, REVIEWING THE PLOT RATIOS FOR THE INDUSTRIAL AREAS YET TO BE RECLAIMED AT CHAI WAN AND SIU CHA WAN.
THE COMMITTEE ALSO FEELS THAT THERE SHOULD BE MORE ACTIVE PROMOTION OF PRESENT AND FUTURE INDUSTRIAL DEVELOPMENT OPPORTUNITI IN HONG KONG, PARTICULARLY IN THE NON-METROPOLITAN AREAS.
IN ADDITION TO SETTING TARGETS, FORECASTING SUPPLY AND MONITORING PERFORMANCE IN LAND SUPPLY, THE COMMITTEE HAS ALSO STUDIED SUCH RELATED TOPICS AS:
THE PLANNING,
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