The Covekumont's poligy lo
92.
poligy do that formed and gerviced land should be readily available to moot the neods of the public works programmo and the private sector, including industry.
93.
In chio ficancial your, the total not land area which will become available is oxpected to be 994 hectares, 500 in the urban area and 494 in the tow Tozritories. The bulk of this
land is within the Vow Towno whore 84 hectares of serviced land
for industry, 45 hectares for private residential and commercial
development, 47 hectares for public housing, and 245
and 245 hectures
for community and government. facilities will be available.
1983-84, tho total net land area which ie expected to become available is 590 hectares and, in 1984-85, 596 hectares.
In
94.
In 1981-82, a total of 79 hootazos of Crown land was disposed of through the land sales programmo, and another 143 hectares was sold to the Industrial Estatos Corporation for the
Yuen Long Industrial Estate. In this financial year, the land palas PIOGTAMI O onvipagoo sales of 56 hectares, plus an additional 40 hectares for a mariga at Tuon Mun. In recent times high interest rates have caused dovolopers to bo moke careful about acquiring land. This makes it even more important that we have land of the right sort available for dioposal to the private sectbr. The Special Committee on Land Supply has the task of monitoring this situation. While keeping a close
watch - on the short-term noeda
the private BOCCOr the Committee will also take a long term view of the overall neuda of the economy and the community in general.
95.
The
of
(b) Private Sector Participation in Land
Production
We have, over the inot year, concidorod the question of increasing the participation of the private sector in land "production. A Working Group under the Special Committee on Land Supply recommended in July that throw major areas (totalling 30 hectares) da the urban eroa and Bitos in the now town
20
/development
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