TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 196

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92.

Of the total consolidated account capital

expenditure in 1987-88, $3.4 billion will be allocated for

the construction of housing, including temporary housing

areas, compared with the revised estimate of $3.2 billion

for 1986-87. Notwithstanding the high level of this

expenditure, the figures exclude the value of land used by

the Housing Authority for rental housing and for flats

built under the Home Ownership Scheme (30).

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