TNAG-0270-FCO40-306-Policy-on-housing-and-resettlement-in-Hong-Kong-1971 — Page 147

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Wednesday, March 25, 1970

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The plan also provided the framework within which private development

could take placo.

"I would like to see Hong Kong's enterprising roal estate companios

direct their attention to acquiring small lots within this area for amalgamation

and comprchonsivo rodevelopment on an imaginative scale," he said,

"I havo already recommondod acquisition of 150 such proportios and

78 offors to purchase havo boon made to the rospective owners, 20 of whom

havo accoptod."

Funds For Rodevelopment

Funds had also been set aside for rodevelopment by the Government

of 13 acros of land botwoon Hollywood and Quoon's Roads

pilot planning area within the urban ronowal district.

chosen as the

"It is proposed to subdivide the pilot schomo into three phases

and I hope that rosumption proceedings can be initiated in respect of the

first phase before the end of the year," he said.

Acquisition, clearance, domolition, disposal and redevelopment would

tako a number of years for oach phase, but the whole scheme should be completed

within about six to soven years.

On the sale of urban land over the next six months, Mr. Robson said

about 800,000 squaro foot would bo available, of which about 600,000 square

foot was rosidontial.

But he wondered if the building industry had the capacity to handle

inmodiately the extra volume of work which the devolopment of those now sites

ontailed. It already soomed to be fully stretched in dealing with those

projects which had now rostarted after boing in aboyanco for somo years, plus

the normal work load provided by tho Public Works Programmo.

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Tom tho progress ******