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WEDNESDAY, APRIL 1, 1992

STEADY DECLINE IN THE 21,000 UNITS IN IN FEBRUARY THIS YEAR. WERE ALSO SIGNS OF REDUCING RENTALS IN NEW PROPERTIES.

THE COOLING DOWN WAS EVIDENCED BY THE NUMBER OF PROPERTY TRANSACTIONS FROM A HIGH OF OVER OCTOBER LAST YEAR TO JUST OVER 8,000

THERE

WATCHING "BUT THE SITUATION REQUIRES

AND THE ADMINISTRATION WILL KEEP IN MIND THE POSSIBLE NEED TO BRING FORWARD OTHER MEASURES

STRENGTHEN INCLUDING, IF NECESSARY, FURTHER LEGISLATIVE PROPOSALS TO

INTRODUCED STAMP DUTY THE RECENTLY

(AMENDMENT) ORDINANCE OR TO ACTIVITY IN THE SALE OF CONTROL DAMAGING SPECULATIVE

UNCOMPLETED RESIDENTIAL PROPERTIES," MR EASON SAID.

NOVEMBER

ON SUPPLY OF RESIDENTIAL FLATS, HE NOTED THAT BETWEEN

BEEN GIVEN FOR 1991 AND FEBRUARY 1992, CONSENT TO FORWARD SALES HAD OVER 4,200 RESIDENTIAL UNITS IN UNCOMPLETED DEVELOPMENTS.

PROCESSED FOR THE

APPLICATIONS WERE BEING

FORWARD SALE OF

ANOTHER 14,000 UNITS.

OF THE 33,400 AT THE END

AS FOR COMPLETED PRIVATE FLATS, MR EASON SAID, COMPLETED IN 1991, 18,300 OR 55 PER CENT REMAINED VACANT OF THE YEAR.

AROUND "IT IS ESTIMATED THAT IN 1992 AND 1993

68,000 PRIVATE ANNUAL AVERAGE WILL BE RESIDENTIAL FLATS WILL BE COMPLETED; SO THE

HE SAID. THE HIGHEST ACHIEVED IN THE FIVE-YEAR PERIOD 1989-1993,

"I

AGREED

ADDITIONAL 5.9 REGARDING THE SUPPLY OF LAND, MR EASON SAID AN

USE WAS INCLUDED IN THE LAND FOR RESIDENTIAL HECTARES OF LAND DISPOSAL PROGRAMME IN 1991-92 AND THE LAND COMMISSION HAD JUST

COMMERCIAL/RESIDENTIAL TO THE DISPOSAL OF 25.22 HECTARES OF LAND FOR

1992-93, REPRESENTING AN AND RESIDENTIAL USE IN

INCREASE OF 6.93 HECTARES OVER THE 1991-92 LAND DISPOSAL PROGRAMME.

HAS BEEN PUT IN "IN ADDITION, ANOTHER FIVE HECTARES OF LAND

IN RESERVE IN THIS YEAR'S PROGRAMME, WHICH COULD BE RELEASED LATER ON

MR EASON ADDED. THE YEAR SUBJECT TO A REVIEW BY THE LAND COMMISSION,'

N

COMMITMENTS TO HEALTH AND WELFARE OF COMMUNITY REAFFIRMED

* * *

THE SECRETARY FOR HEALTH AND WELFARE, MRS ELIZABETH WONG, TODAY (WEDNESDAY)

GOVERNMENT'S COMMITMENTS TO REAFFIRMED WELFARE OF THE COMMUNITY.

THE

HEALTH AND

"WE CARE IN THOSE

NEED,

"OUR

RECORDS TESTIFY TO THIS, TRACK ABOUT

NEEDY, THE

BY WHICH DEFINITION WE MEAN INCLUDING THE SO-CALLED SANDWICH CLASS.

||

SHE

STATED,

ALL

"

AT THE RESUMED MRS WONG GAVE THE ASSURANCE WHILE SPEAKING DEBATE ON THE APPROPRIATION BILL 1992 AT THE LEGISLATIVE COUNCIL.

/CITING STATISTICS