*
+
1
Participation Scheme, and
the
Housing Society's
production
through the development of rental housing and the Urban
Improvement Scheme.
94.
say
the
The forecast of Housing Authority production in the four years 1987-88 to 1990-91 exceeds production in the previous four years by 14%. This includes a total of 7 200 flats to be produced under the Extended Redevelopment programme, that is to
redevelopment of the 26 sub-standard blocks: these
7 200 flats are additional to the annual production target of
30 000 rental flats. The total production in the next four
flats Sector Participation Scheme
and years including Private Housing Society flats is estimated at 197 000 with an average
completion rate of 49 000 a year, comfortably exceeding our target (31). Thus, in the next four years we will provide additional good quality, subsidized housing for nearly 800 000
people.
95.
As regards the Home Ownership Scheme, some 62 000 flats out of 68 000 flats in the first eight phases will have been
completed by the end of 1987-88. Work is in hand on the balance
and on a further 20 000 flats in later phases (32).
follow.
More will
(31)
(32)
PSPS
HA Rental
HOS
(incl.MIH)
HS (rental and UIS)
Total
1983-84
28,564
7,877
2,240
10
38,691
1984-85
26,354
10,168
1,408
419
38,349
1985-86
29,386
6,688
11,902
213
48,189
1986-87
30,237
6,838
4,866
1,391
43,332
1987-88
31,887
7,610
2,716
780
42,993
1988-89
40,885
5,810
5,020
3,840
55,555
1989-90
35,863
6,492
7,064
3,470
52,889
1990-91
32,684
5,250
4,880
3,158
45,972
The value of land is excluded from the calculation of the selling price of flats produced under the Home Ownership and Private Sector Participation Schemes in order to keep them affordable by the target groups.
29
/Education