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The estimated land revenue to be received in 1996-97 compared to 1994-95 and
1995-96 is as follows:
1994/95
1995/96
Disposal Type
(Actual)SM
(Actual)$M
1996/97 (Estimate)$M
Auctions/Tenders
12,776
23,876
13,017
Private Treaty Grants
7,342
16,402
13,647
Exchanges/Modifications
11,239
4,603
9,234
Total
31,357
44,881
35.898
End
Land for residential purpose in 1996-97
**
In response to media enquiries concerning a press conference on Lands Sales Programme for 1996-97 given earlier today (Thursday) by the Lands Department, the acting Principal Government Land Agent, Mr Nigel Burley, reaffirmed that out of the total 153.01 hectares approved by the Land Commission for disposal in 1996-97, 86 hectares would be partially or wholly carmarked for some forms of residential development.
Compared with last financial year, the amount for residential use, including those for auction, was 83.19 hectares.
End
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