TNAG-0809-FCO40-1014-Legislation-for-Crown-lands-in-Hong-Kong-1978 — Page 62

CONFIDENTIAL #2

ANNEX B TO XCC (76) 35

THE HONG KONG HOUSING SOCIETY'S

URBAN IMPROVEMENT SCHEME

PROGRAZIE

(MARCH 1976)

Projects

Cost

Completion Date

42-46 Queen's Road West (95 flats) (1)

5.9 m.

October 1977

42-56 Queen's Road West

(2)

$6.8 m.

October 1978

Ci Kwan Road (146 flats)

$18.6 m.

March 1978

489-499 Queen's Road West (69 flats)

$ 5.6 m.

December 1977

irst/Second Street (1) (164 flats)

24-34 Clarence Terrace

First/Second Street (2) & (3)

(260 flats)

9-31 Po Tuck Street

6-23 Po Tuck Street

Shaukeiwan

Shaukeiwan City Block (1)

$23.2 m.

September 1973

$ 5.4 m.

September 1978

$35 m.

October 1979

$10.4 m.

March 1980

$12.4 m.

March 1981

الم

5.6 m.

October 1978

$16.8 m.

March 1981

Wanchai City Block (1)

$20.3 m.

September 1932

Shaukeiwan City Block (2) ·(3)

$33.6 m.

March 1983

Wanchai City Block (2) (3)

$40.5 m.

September 1934

NOTE

(1) This rate of progress requires the rehousing of an average of about 120 displaced families each year, and assumes that 15% of all displaced families make their own rehousing arrangements.

(2) The maximum negative cash flow will be $83 m. in

1977/78.

Thereafter, sales receipts rise eharply and cash flow finally becomes positive in 1983/84.

G.F. 323

CONFIDENTIAL

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