TNAG-0806-FCO40-1011-Policy-of-Government-of-Hong-Kong-on-land-in-the-New-Territo-1979 — Page 110

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Note 1

Exchange Ratio

The original exchange ratio was based on the

first areas in which exchanges were negotiated,

before Government undertook the first major

development and reclamation scheme in the New

Territories comprised in the Tsuen Wan deve-

lopment. As nearly all of the area to be

developed was private land, it was then estimated

that about three square feet out of every five

would be required for roads, open spaces and

Government or other institutional buildings, and

two square feet would therefore be available for

private building. The development of reclama-

tions and hillsides have added a large element

of Crown land in many to the total development

areas, but at the same time the proportion of

land required for public development has been

greatly increased by the institution of the

public housing programme, and by increased areas

of land predicated by current planning

standards to amenities and social services.

The overall result in a major development

area is that although the planning will

eventually provide a sufficient supply of

land to meet the needs of the private sector,

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