11.2.87
(30)
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47
1986-87
Revised
Estimates
($mn
1987-88 Draft Estimates ($mn)
f {
(1)
Rental Housing Programme (i):
Drawings from Development
Loan Fund (ii)
1,200
1,200
Housing Authority's own
:
resources (iii)
1,150
1,269
Asian Development Bank
loans
____1
Total (1)
2,351
2,469
(2)
Home Ownership Scheme (iv)
790
800
Total (1) + (2)
3,141
3,269
J
(3)
Temporary Housing Areas
87
85
Total (1) + (2) + (3)
3,228
3,354
Notes
(i)
Not including the Housing Society.
·
(ii) For housing and ancillary facilities, but nothing
for land, because land is granted to the Housing Authority at nil premium, although the full market value of the land is entered into the Authority's accounts as a government contribution.
(iii) Difference between rent income and running expenses
plus premia from commercial lettings.
(iv) These figures exclude expenditure on the Middle
Income Housing Programme (now closed) and the Private Sector Participation Scheme. For the Home Ownership Scheme itself, the expenditure figures include $66 million and $57 million for 1986-87 and 1987-88 respectively being drawings by the Housing Authority from the Development Loan Fund for commercial facilities, but exclude the value of land in respect of domestic elements.
}
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* 5,