No.
1947
14
DXRXAX XXXX
Government's Statement on Housing.
21st August, 1947.
Government is prepared to allocate building sites, including
particularly Jardine's Lookout and Kowloon Tsai, for building. schemes by
private treaty at a reduced premium which will vary in accordance with the
control or limitation to be exercised on the profits to be derived from any
particular scheme. Special consideration will be given to bona fide non-
profit making associations. Sponsors of building schemes are invited to
submit technical and financial plans in respect of particular areas in as
full detail as possible to the Director of Public Works within six weeks from
the date of this announcement.
2. A condition of the grant by private treaty of any lease at
reduced premium to permit building in accordance with the needs of the
community will be that the leases cannot be sold nor the accommocation let
or sub-let without specific approval of Government for a period of twenty
years from the date of issue.
3. Government is further prepared to alienate by private treaty at
reduced premium available individual building sites to citizens who desire to
build their own homes. The conditions of alicnation will include stipulations
barring resale or sub-letting without permission for a period of twenty years
A further condition of application will be that the applicant undertakes
himself to live in the house he proposes to build. If there are two or mo
applicants for any one site it will be awarded by ballot.