providing
shelters
to those
who
are deprived of
accommodation;
we
ensure must also
appropriate
that they are living in environment adequate for them to pursue a fuller life.
an
At present nearly half of the population live in public housing. Tenants enjoy a remarkable degree of security in their tenure. They will not be asked to move out unless there is a The rents they serious breach
breach against
against the tenancy agreement. have been paying are far below the market levels. have to worry that their rents will be raised drastically.
They do not
With the security provided by public housing, tenants can concentrate on working hard, not only for the betterment of It is the prosperity of Hong Kong. their life, but also for gratifying to
to see that tenants in public housing have been able
of standard
living. affluent increasingly to attain an
incomes of public household that the up at a much quicker pace than their
Statistics housing tenants went
levels.
shown have
rent
rent
was
which policy current the to According formulated in 1977, rents for public housing estates have been
level of income
income of the tenants, set in line with the general
the general level of because a prime consideration is how much tenants can afford to Cost calculations are taken into consideration but pay as rents.
Land costs have rents are by no means directly cost-related.
rents. The been excluded from all calculations when provision of free land and loans at favourable terms explain why rent levels in public housing estates have remained relatively low, especially when compared to rents in the private sector.
The current
and acceptable.
setting
be practicable this policy is In its
rent policy has proved to The continued application of supported by the Domestic Rent Policy Review Committee.