13
Land Production
33.
The key element in the smooth continuation of development is
the production and sale of new land. In 1982/83, total land formation
is expected to reach 580 net hectares all these figures are net
with 84 hectares designated for industrial development including 34 hectares to be formed by the Industrial Estates Corporation, 48 for commercial and private residential development, and 448 for public purposes, including public housing, community facilities and roads. Total land formation in 1983/84 and 1984/85 is expected to be on average about 12% more than these figures for 1982/83. Although in themselves they represent a startling advance upon land production in the late 1970s, they are no more than sufficient to meet our minimum
needs and every effort is being made to improve upon them.
34.
Inevitably most of our land production is undertaken by the
Government, principally through the New Towns development programmes.
But we recognise that there is scope for the private sector to play an
important part. Several instances can already be cited in which private
sector developers have formed substantial areas of land either for
Our firm intention individual projects or larger development packages.
is to expand considerably the opportunities for the private sector to become involved in this vital field of activity. In particular, I would
wish to see direct private sector participation in comprehensive land production and development and on a scale much greater than ever before.
The New Town development programme and other large scale development
in the New Territories will provide the necessary opportunities.
/Land Sales
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