No_5_1956 — Page 19

PRIVATE ENTERPRISE IN LOW COST HOUSING

TWO PROJECTS IN TAI KOK TSUI

Architect:- Donald T. Walters, L.R.I.B.A.

TAI

NEW

ROAD

OFT HARBOUR

BLOCKH BLOCK'Ul

PHASE PHASE

ROAD

NEW

KOK TSUI ROAD

Site plan of Block 'H'.

The field of low cost housing has been up to now almost entirely con- fined to Government or Government

We are privileged to describe in this

Block 'H' the multi-storey block to be built on the waterfront at Tai Kok Tsui.

sponsored associations. There have schemes mentioned above. been in addition, of course, housing schemes developed by large private and public companies for the benefit issue two building schemes which are of their staff and employees, and there designed primarily to provide decent have also been co-operative building accommodation commensurate with the societies of Government employees who have undertaken the financial responsibility of repaying capital loans and managing their particular groups.

means of the classes catered for at a reasonable cost for the individual, these capital expenditures to be repay- able over a period of years. This term is usually a short one not exceed- All these various schemes and ar- ing five years, but nevertheless gives rangements, however, have been out- the prospective owner an opportunity side the scope of private investment of paying for his premises in instal- building, and appeals have been made to private investors to interest them- selves in low cost housing as an invest-

The architect for both these schemes ment yielding fair returns, yet cater is Mr. Donald T. Walters, and both ing to classes of the community which involve multi-storey buildings in the did not come within the scope of the Tai Kok Tsui area.

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