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14
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As regards Part (c) of the question, we have proposed in the consultative document that an increasing proportion of subsidised home ownership flats should be provided by way of mixed development, and that the Housing Society will be designated to carry out a pilot scheme. The proposed scheme aims to make use of private sector expertise and resources to provide a further source of supply of subsidised home ownership flats, so that eligible purchasers may enjoy higher standards of design, finish, facilities and management than under the present Private Sector Participation Scheme. This will also provide more choice for purchasers. The operational details will need to be worked out: the main ones include the terms of land grant, the apportionment of construction costs, the method of selecting flats and price. Views expressed during the present public consultation exercise will also be considered. After all the details have been worked out, we intend to carry out a pilot scheme.
Introduction of the proposed new scheme aims to meet the public housing target set from time to time and, as such, will not affect the supply of private sector flats. The scheme should not have a significant effect on private residential property prices.
End
Taxi licence premium
Following is a question by the Hon Zachary Wong Wai-yin, and a reply by the acting Secretary for Transport, Mr Paul Leung, in the Legislative Council today (Wednesday):
Question:
It is learnt that the premium for an urban taxi licence has soared from $2 million early last year to $3 million now, recording a sharp increase of nearly $1 million. In view of the soaring taxi licence premium, will the Government inform this Council:
(a)
since the publication of the report on "Taxi Policy Review" by the Transport Department in 1994, of the number of recommended measures which have been implemented to dampen speculation on taxi licences as well as the effectiveness of such measures;