4.
5.
6.
VONNO CRMDLM DUV
DEL
302 303 Viet
r.cz
2
(i)
(11)
modifications involving no change
boundaries - no new land involved;
in
in-situ exchanges, with or without change of
use, foot for foot but with boundary changes
- no new land involved;
in-situ exchanges, with or without change of
use, any additional land counts as new; non in-situ exchanges with no change of use,
any additional land counts as new;
(iii)
(iv)
(V)
non in-situ exchanges with change of use,
whole area counts as new.
Premium is shared between HKG and SARG Land Fund in
all cases (i) to (V).
Scenario (A):
At least theoretically, the possibility would exist of meeting more of the demand for development land by
modifications and foot for foot exchanges, i.e. through (1) and (ii) above. So long as no new land is involved, reference to LC is not required, i.e.
exchanges under (iii), (iv) and (V) would not be
available.
Scenario (B):
Again theoretically, much greater scope would exist for meeting more of the demand for development land by both modifications and exchanges, i.e. through (i) to (v) above.
Recent performance:
Hectares
Modifications
Exchanges
Development
New
Areas
Land
Development New
Areas
Land
1990-91
49.7
0.0
44.5
1.0
1991-92
90.2
0.0
45.5
1.4
18
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