CONFIDENTIAL #B
13.
2
Subject
2. Home Ownership
Scheme
Purpose
Progress Made & Present Position
To provide housing The Housing (Amendment) Ordinance was for purchase by enacted and came into effect in March, families with
1982. The main provisions are household incomes below $6,500 p.m.
Next Quarter's Target
To monitor implementation:
of the programme under the revised arrangements.
(a)
to give effect to more stringent resale restrictions;
(b)
to increase penalties for abuses of the schemes;
(c)
to provide for improved control over occupation of HOS flats.
(a) Private
(b)
To provide housing In March, 1982 ExCo approved revised for purchase by flat pricing arrangements, to apply Participation families with to both schemes, whereby land value
is excluded from the final flat sale price.
Sector
Scheme
household incomes below $6,500 p.m.
Middle Income To provide housing
for purchase by
Housing
families with
household incomes
in excess of $6,500 p.m.
To monitor implementation of the programmes under the revised arrangements.
/page 3
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CONFIDENTIAL #E
密
機