is
unlikely to be
- 3·
-
achieved
if present
policies remain
unchanged. The present policies for private sector flats are likely to fall below the capacity of the sector resulting in the under-utilization of private capital and land resources and in only limited re-development of older private buildings in run-down urban areas where there is a great need to encourage
re-development.
7.
step
are
Public sector production will also be out of
if with people's preferences
the present programmes
maintained. Although rental needs will be met there will be an outstanding demand from an estimated 100,000 families who wish to purchase their own homes. There is therefore a need for a
modest change in direction.
but
8.
Much of the increasing demand for home purchase comes from existing and prospective public rental housing tenants and from those affected by re-development. Many of these could
afford to purchase their own homes
successive
over-subscriptions for HOS and PSPS flats have prevented them from doing so. The home purchase aspirations of such families will, in future, be encouraged. The preference of prospective public rental housing tenants and families in estates to be re-developed will be gauged, and from within the public housing