XN000022-1988-11-16 — Page 30

WEDNESDAY, NOVEMBER 16, 1988

28

HAD BEEN NOTING THAT IT

THE LONGSTANDING HOUSING AUTHORITY TO REVIEW FROM TIME TO TIME

LIST WAITING OF THE RESPECT

GENERAL APPLICANTS, MR LIAO SAID A COMPREHENSIVE REVIEW HAD JUST COMMENCED.

PRACTICE OF THE THE INCOME. LIMITS HOME AND

OWNERSHIP

IN SCHEME

OF THE

"THE OPPORTUNITY IS ALSO TAKEN TO REVIEW THE OPERATION

HE ADDED. NEWLY INTRODUCED HOME PURCHASE LOAN SCHEME,

T

OF THE TENANTS AND SETTING FUTURE DOMESTIC

AFFORDABILITY "THE REVIEW WILL TAKE THE HOME-BUYERS AS ITS PRIMARY CONSIDERATION IN RENTS AND SALE PRICES OF HOME OWNERSHIP SCHEME FLATS.

11

LOAN

TENANTS

AND

MR LIAO EXPLAINED THAT IN REVIEWING THE NEW HOME PURCHASE

WAS TO ENCOURAGE SCHEME, THE HOUSING AUTHORITY'S OBJECTIVE

THE PRIVATE SECTOR WHO COULD AFFORD IT TO PURCHASE VOACATE THEIR PUBLIC HOUSING RENTAL FLATS.

FLATS IN

IN THE PRIVATE SECTOR

FLATS OF PRICES ALTHOUGH THE LARGELY DECIDED BY MARKET FORCES, THE AUTHORITY WOULD ENSURE THAT

ΤΟ ADJUST BE FLEXIBLE ENOUGH HOME PURCHASE LOAN SCHEME WOULD

PRICES, THEREBY DISCOURAGING AND PREVAILING MARKET CONDITIONS SPECULATION, HE SAID.

WERE

THE

ΤΟ

THAT ONE OF ON THE LONG TERM HOUSING STRATEGY, MR LIAO NOTED

WAS STRATEGY

THAT PUBLIC HOUSING THE UNDERLYING PRINCIPLES OF THE TENANTS WHO WERE NO LONGER IN NEED OF THIS FORM OF HEAVILY SUBSIDISED AND TAKE UP HOUSING SHOULD BE ENCOURAGED TO MOVE OUT OF THEIR FLATS

OR BETTER STILL NON-SUBSIDISED, OTHER FORMS OF LESS SUBSIDIZED, ACCOMMODATION.

THE RENTAL FLATS RECOVERED COULD THUS BE REALLOCATED FAMILIES MORE IN NEED, HE SAID.

TO OTHER

WELL AWARE MR LIAO POINTED OUT THAT THE HOUSING AUTHORITY WAS

OWNED PRIVATE PROPERTIES OF THE SUGGESTION THAT WEALTHY TENANTS WHO

ΤΟ BUY FLATS, SHOULD NOT BE ALLOWED TO OCCUPY OWNERSHIP FLATS, OR TO BENEFIT FROM THE HOME PURCHASE LOAN SCHEME.

PUBLIC RENTAL

AUTHORITY ALSO

RECOGNISES

THAT

HOME

WOULD IT

BE "HOWEVER, THE

ΤΟ EVICT SOCIALLY UNDESIRABLE, AND IMPRACTICABLE TO ENFORCE A POLICY SUCH TENANTS FROM PUBLIC HOUSING RENTAL ESTATES," HE SAID.

A POLICY

WHEREBY PUBLIC HOUSING ADOPTED "IT HAS THEREFORE

FACE POSSIBLE TENANTS SHOULD BE REQUIRED TO DECLARE THEIR INCOME AND PROSECUTION OR EVICTION IF THEY MADE FALSE DECLARATIONS".

LONGER

THE SATISFY

ELIGIBILITY

CRITERIA

OF

THOSE WHO COULD NO WOULD BE REQUIRED TO PAY MORE RENT OR GIVEN INCENTIVES TO MOVE OUT THE FLATS VOLUNTARILY.

THE ARRANGEMENTS WERE MONITORED CONTINUOUSLY AND FURTHER DETERRENTS MIGHT BE INTRODUCED, MR LIAO SAID.

IF NECESSARY

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