2
* 210
Subject
Home Ownership Scheme (HOS).
Purpose
Progress Made & Present Position
Through the agency (a) It was decided that tenants of the
of the Housing
Authority to
provide flats for sale to families with monthly incomes below $6,500, and to public housing tenants, regardless(b) of family income, who relinquish
their rental flat.
Hong Kong Housing Society should be permitted to apply for flats on the same basis as Housing Authority tenants; that is, regardless of family income, on condition that successful purchasers relinquish their rental flats,
The first batch of 1,548 flats (Phase IIIB of the Scheme) to have
land value excluded from the sale price, subject to more stringent resale restrictions, attracted 37,276 applications. These flats were sold during the quarter.
Next Quarter's Target
ballot and sell the flats.
c) Phase IVA of the scheme, comprising To select purchasers by
5,064 flats in east Kowloon, Shatin, Shek Wu Hui and Tuen Mun, "was offered for sale, and a total of 34,306 applications received,
CONFIDENTIAL #B
/page 3 ....
CONFIDENTIAL #