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The platform in the years '76/77 and '77/78
reflects rephazing during the recession. This
has been picked up by means of additional building
which will produce a higher rate of completions from
'78/79 than in the original plan.
Some of Hong Kong's housing and environmental
problems result from the density of population crowded
round the harbour area. The housing plan provides for
its redistribution in new towns in the New Territories.
Work is proceeding on these and their related amenities,
and massive expenditure is being undertaken to provide
fast communications between them and the old urban areas.
The administration is augmenting this
4.
programme in two ways. Firstly it is steadily raising
the rents in its estates in the old estates these were
as low as 6% of commercial rents. The first rise imposed
was in December '74 and amounted to 32%. A similar
increase in commercial (eg shop rents) was imposed in
March this year. A further increase in domestic rents
of about 25% will be imposed this December. This
process will be continued until domestic rents are about
50% of market rents. Tenancies in new estates are startin
at between 35% and 40% of market rates. Rent assistance
is available to those unable to pay the higher rents
from the Social Welfare Department.
Secondly the
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