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2

PART I (CONT'D)

CONFIDENTIAL #

Subject

Purpose

2. Working Party on To review the

Home Ownership present Home

3. Middle Income

Housing

4。

Sites for PSPS/MIH

Ownership Schemes and to make --- recommendations on how they may be improved in order. to provide more flats for the..: income classes covered by them.

To provide housing for families with household incomes in excess of $6,500 per month.

To secure sufficient sites to meet the annual production target of 5,000 PSPS flats and 2,500 MIH flats.

-Progress Made & Present Position

The Working Party held four further meetings during the quarter. On 29.9.81 ExCo approved a revised basis for determining the prices of: future HOS flats, which will exclude land value. from the computation and will involve increased restrictions on resale of the flats. The revised policy will also apply to PSPS flats.

Implications of the revised HOS/PSPS policy (item 2 above) for the MIH programme under urgent consideration.

Tentative sites being earmarked for the schemes to sustain development for this decade.

Next Quarter's Target

To implement the revised policy.

To determine a revised MIH pricing policy to be applied to the Chaiwan Hill scheme and future developments.

(a) To monitor progress

regarding the processing of sites which have already been identified.

(b) To identify

further suitable sites.

CONFIDENTIAL #2

5. Hong Kong

Housing Society

Rural Public Housing

To provide rental public housing

in rural areas.

Application for allocation of funds for the Tui Min Hoi project submitted to Finance Branch for processing.

To obtain funds and continue monitoring progress and co- ordinating action

regarding this project.

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機密

CONFIDENTIAL

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