P
Twelve thomnumber of, such flats ever produced in
be
58. per cent of the Consolidated Account expenditure in 1988-89, 12.6 will be allocated to housing. In 1988-89, the Housing Authority expects to produce some 45,000 rental flats, the a single year.
12,160 flats are expected
produced under the Home
Ownership and Private Sector Participation Schemes next year,
per cent which is 21%)
is 218 over the average annual production target under these Schemes. This increased production level will help meet
the very welcome demand for home purchase.
59.
Net land production in 1988-89 is expected to be 165 hectares compared with a revised estimate of 174 hectares for 1987-88. Over the three years of the forecast period 1989-90 to 1991-92, total production is expected to be 1,092 hectares (25).
(25) This includes land to be formed (net of internal roads) under on-going and committed projects in the Public Works Programme and the Public Housing Development Programme and land to be formed by the private or subsidised sector under conditions of land sale/grant. A breakdown of the total land production is as follows:
Year
1989-90
1990-91
1991-92
Production (Hectares)
(Hectares)
29
302
343 447
/60. I
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