XN000022-1990-06-13 — Page 2

WEDNESDAY, JUNE

1990

STEADY SUPPLY OF LAND INTO 21ST CENTURY ASSURED

* *

IMPORTANCE

THE GOVERNMENT IS VERY CONSCIOUS OF THE MAINTAINING A STEADY RATHER THAN AN OVER SUPPLY OF LAND SO THAT

INTO THE NEXT CENTURY, THE KONG MAY CONTINUE TO GROW GOVERNMENT LAND AGENT OF THE BUILDINGS AND LANDS DEPARTMENT, POPE, SAID TODAY (WEDNESDAY).

OF HONG

PRINCIPAL MR BOB

FOR

ADDRESSING THE ROTARY CLUB OF KOWLOON GOLDEN MILE ON PLANS

SOURCE OF NEW LAND FUTURE LAND DEVELOPMENT, MR POPE SAID THE MAJOR WOULD BE THE VARIOUS RECLAMATION PROJECTS CURRENTLY UNDER STUDY.

CHAI,

THE PROJECTS INCLUDE THE RECLAMATIONS IN CENTRAL AND WAN KOWLOON WEST AND HUNG HOM AND THE TSEUNG KWAN O NEW TOWN DEVELOPMENT.

ABOUT 24 HECTARES OF LAND WOULD BE PROVIDED BY THE CENTRAL WAN CHAI RECLAMATION FOR COMMERCIAL USE FOR WHICH A TOTAL GROSS AREA OF 2.1 MILLION SQUARE METRES WAS ENVISAGED.

HAS SUGGESTED

AND

FLOOR

A CONSULTANCY STUDY

THAT THE PROJECT SHOULD COMMENCE IN 1991-92, WITH LAND READY FOR SALE IN 1993-94.

THE CONSIDERING

POSSIBILITY OF

"THE GOVERNMENT IS CURRENTLY PRIVATISING CERTAIN PACKAGES AND THE LIKELY EFFECT THE SUPPLY OF THIS LAND IN THE MID-1990'S WILL HAVE ON PROPERTY VALUES AT THAT TIME, POPE SAID.

·

MR

SAID IT WAS TURNING TO THE WEST KOWLOON RECLAMATION, MR POPE SCHEDULED TO BE LARGELY COMPLETED WITHIN FOUR YEARS TO PROVIDE FOR THE ROAD/RAIL CONNECTION VIA ROUTE 3 TO THE NEW AIRPORT.

UNDER THE

PROJECT, 22

HECTARES OF

FOR LAND IS EARMARKED

20 HECTARES FOR RESIDENTIAL USE, 28 HECTARES FOR COMMERCIAL USE AND INDUSTRIAL USE.

PRIVATE DENSITY

RESIDENTIAL 13.36 HECTARES, WOULD

BE

FOR HE EXPECTED THAT LAND

NIGH 0, TOTALLING DEVELOPMENT IN TSEUNG KWAN AVAILABLE FOR SALE OVER THE NEXT TWO TO THREE YEARS.

ANOTHER 20 HECTARES OF INDUSTRIAL LAND

IN THE AREA WILL BE

AVAILABLE IN 1992-94.

MR POPE ADDED THAT 3.4 AND 5.77 HECTARES OF LAND FROM THE

ASIDE FOR COMMERCIAL AND HOM RECLAMATION WOULD BE SET USES RESPECTIVELY.

MR POPE STRESSED THAT SUFFICIENT LAND HONG KONG'S NERDS INTO THE TURN OF THE CENTURY.

HUNG

RESIDENTIAL

WAS AVAILABLE TO MEET

MUCH ON PROVISION

"WHEN THE LAND WILL ACTUALLY BE SOLD WILL DEPEND VERY

BY GOVERNMENT FOR THE AVAILABLE WHEN MONEY IS MADE INFRASTRUCTURE SERVICES AND THE MARKET AT THE TIME,

中甲

HE SAID.

OUTLINE ZONING PLANS FOR THESE RECLAMATION PROJECTS, WHICH

IN THE PRELIMINARY PLANNING DISPLAY, HE ADDED.

WOULD STAGES,

BE PREPARED FOR

OF

ARE PUBLIC

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