Page 40 - ENGLISH_Land

While the decision to halt the supply of land and housing during
the recession and property market slump of the late 1990s and early 2000s
was justifiable given the circumstances; with hindsight, it makes one
wonder that if the government were to start on the statutory planning
requirements and works-related feasibility studies a decade ago, would
the housing problem today be less severe. Indeed, a number of large-scale
NDA projects that were promulgated nearly 20 years ago but were shelved,
were re-tabled again in the past few years.

To provide some examples, large-scale land development
initiatives that were recommended in the late 1990s as an extension of the
Territorial Development Strategy Review (TDSR) in 1996, and development
plans of recent years are compared below (Figures 30, 31 and 32).

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