XN000022-1992-05-21 — Page 7

THURSDAY, MAY 21, 1992

LBAC MEETING ON LAND ASSESSMENT

* * *

THE

LAND AND BUILDING ADVISORY COMMITTEE (LBAC) DISCUSSED ASSESSMENT OF FUTURE LAND REQUIREMENTS AND LAND SUPPLY FOR 1991/92 2000/01 IN ITS MEETING THIS (THURSDAY) MORNING.

THE

-

THE ANNUAL ASSESSMENT, MADE BY THE PLANNING DEPARTMENT, AIMS TO IDENTIFY ANY POSSIBLE SHORTFALL OR SURPLUS OF NEW SITES FOR PARTICULAR

IN TYPES

LAND USE IN HONG KONG OVER THE NEXT 10-YEAR PERIOD OF CONTEXT OF LAND REQUIREMENTS AND SUPPLY.

THE

IT HAS ALSO TAKEN INTO ACCOUNT THE SUPPLY OF AIRPORT CORE PROGRAMME AND PORT-RELATED PROJECTS.

FROM LAND

THE

TO THE PLANNED LAND

RESULTS OF THE ASSESSMENT WILL PROVIDE A USEFUL INPUT REVIEW OF LAND PRODUCTION PROGRAMMES AND ADJUSTMENT OF USES SO AS TO REDUCE THE MISMATCH BETWEEN LAND SUPPLY AND REQUIREMENT.

MEMBERS OF THE LBAC WERE INFORMED THAT THE ASSESSMENT SHOWED SHORTFALL OF LAND FOR PUBLIC HOUSING, BOTH PUBLIC RENTAL HOUSING HOME OWNERSHIP SCHEME WITHIN THE NEXT 10 YEARS.

IT IS

EXPECTED THAT SOME OF THE SURPLUS IN COULD BE RELEASED TO REDRESS THE SHORTFALL.

A

AND

OTHER

LAND

USES

WHILE THERE IS A SURPLUS OF LAND SUPPLY FOR PRIVATE HOUSING THE MEDIUM TERM, A SHORTFALL IS EXPECTED BY THE END OF 2000/01.

A BUT THIS WILL BECOME

CUMULATIVE

PROJECTS ARE INCLUDED IN THE LAND SUPPLY.

WHEN SURPLUS

IN

UNCOMMITTED

THE MEETING, AT

MEMBERS ALSO NOTED THAT THE RECLAMATION PROJECTS IN CENTRAL AND WAN CHAI, WEST KOWLOON AND HUNG HOM WOULD MAKE AVAILABLE ADDDITIONAL OFFICE SITES FOR FUTURE DEVELOPMENT.

THERE

SOME

REGARDING

THE LAND REQUIREMENTS FOR INDUSTRIAL SECTOR, WILL BE A SURPLUS OF INDUSTRIAL LAND THROUGHOUT THE STUDY PERIOD, OF THESE SURPLUS COULD BE REZONED TO OTHER LAND USES.

FOR THE

GOVERNMENT, DEVELOPED

AND

SOME OF THE SURPLUS IN LAND REQUIREMENTS

WILL BE (GIC) AND OPEN SPACE INSTITUTION AND COMMUNITY EVENTUALLY WITH A BUILD-UP IN POPULATION IN NEW DEVELOPMENT AREAS WHEN FUNDS ARE AVAILABLE.

PROJECTED

LAND MARKET

MEMBERS OF

THE THE LBAC WERE ALSO TOLD THAT REQUIREMENTS WERE BASED ON A NUMBER OF ASSUMPTIONS CONCERNING CONDITIONS AND STATE OF ECONOMY WHICH WERE SUBJECT TO CHANGES.

ONLY PLANNING

THE STATISTICS OF THE ASSESSMENT EXERCISE ARE INDICATIVE AND SHOULD THEREFORE BE USED WITH CAUTION AND FOR BROADBRUSH PURPOSES ONLY.

TABLE 1