ENG-1963 — Page 124

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Completely new townships have been developed to increase and assist the Colony's industrialization programme. At Kwun Tong (above) on the east of the Kowloon peninsula land has been reclaimed from the sea for factory development purposes. Purchasers of industrial sites in Kwun Tong can pay the land premium by up to 20 annual instalments at five per cent interest.

Another major satellite project has taken place at Tsuen Wan (left). Here, a resettlement estate has been created from land levelled out of the hillsides to house workers in the adjacent new industrial areas. The factories are on land reclaimed from the sea and extensions to this area are in progress. The system of long-term site purchasing also applies.