XN000022-1992-04-01 — Page 21

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WEDNESDAY, APRIL 1, 1992

GOVERNMENT TO CONSIDER HOUSING NEED OF SANDWICH CLASS

* * *

WHAT

THE GOVERNMENT

CLASS WHO ARE NEITHER ELIGIBLE FOR AIDED HOUSING NOR ABLE TO BUY THEIR OWN HOMES.

IS TO CONSIDER IN THE COMING MONTHS

TAKEN TO ASSIST FURTHER MEASURES MIGHT BE

THOSE IN THE SANDWICH

THIS WAS STATED BY THE SECRETARY FOR PLANNING, LANDS, MR A.G. EASON AT THE RESUMED BUDGET DEBATE IN COUNCIL TODAY (WEDNESDAY).

ENVIRONMENT

AND

THE LEGISLATIVE

OF THE

STUDY OF HOUSING-RELATED PROBLEM MR EASON SAID THE

AIM OF REACHING SANDWICH CLASS WOULD BE CONDUCTED URGENTLY WITH THE CONCLUSIONS IN SIX MONTHS.

THE

STUDY

MIGHT INVOLVE

REVIEWING

AND

FOR ELIGIBILITY

INCLUDING INCREASING PRODUCTION UNDER THE HOME OWNERSHIP SCHEME (HOS)

REVIVING THE CONCEPT OF THE PRIVATE SECTOR PARTICIPATION SCHEME;

OR PERHAPS THE HOUSING MIDDLE-INCOME HOUSING;

AUTHORITY BUILDING HOUSEHOLDS WITH BETTER CLASS FLATS FOR SALE ON A COMMERCIAL BASIS TO INCOMES BETWEEN $18,000 AND $40,000 PER MONTH.

RAISE TO

THE HOS CHANGES IN PRIVATE IN HELPING THE LOWER

AUTHORITY'S DECISION HE SAID THE HOUSING

GREATER

ΤΟ REGARD INCOME LIMIT IN STEPS WITH SECTOR PROPERTY PRICES WAS A SIGNIFICANT STEP SEGMENT OF THE SANDWICH CLASS.

HE POINTED OUT THAT WITH EFFECT FROM TODAY, THE MONTHLY LIMITE WAS INCREASED TO $18,000.

INCOME

OVER THAT HONG KONG, HE

THE NEW INCOME LIMIT REPRESENTED A 29 PER CENT RISE OF LAST YEAR AND COVERED 78 PER CENT OF HOUSEHOLDS IN ADDED.

CENSUS SHOWED THAT THERE MR EASON NOTED THAT THE 1991 SLIGHTLY MORE THAN 250,000 HOUSEHOLDS WITHIN THE MONTHLY INCOME OF $18,000 $40,000.

OF THESE,

WERE LIMIT

ONLY SLIGHTLY MORE

THAN

WERE 30,000

LIVING IN

PRIVATE OR UNAIDED ACCOMMODATION.

THE

REST

WERE

EITHER

OWNERS-OCCUPIERS

OR

LIVING

IN FREE,

ACCOMMODATION WHICH WAS EITHER PROVIDED BY THEIR EMPLOYERS RENT OR IN PUBLIC AND AIDED RENTAL BLOCKS.

TO

WITH REGARD

WAYS TO PROTECT THE ASPIRING HOME-BUYERS, MR EASON SAID THERE WERE DOWN HAD COOLED

PRIVATE RESIDENTIAL

MARKET

MONTHS AFTER THE GOVERNMENT HAD TAKEN SEVERAL

AND ITS UNSAVOURY PHENOMENON OF SPECULATION UNRULY SCENES ASSOCIATED WITH QUEUING FOR FLAT IMMEDIATE SECONDARY MARKETS.

OF INTEREST

CLEAR

GENUINE

SIGNS THAT THE NOTICEABLY IN RECENT STEPS TO ADDRESS THE BY-PRODUCTS, SUCH AS CREATION OF SALES AND

/THE COOLING