XN000022-1994-11-16 — Page 60

(C)

THE DIFFERENCES

(D)

36

IN

TERMS

WEDNESDAY, NOVEMBER 16, 1994

1

4

AND CONDITIONS ARE NOT

CONSIDERED INCONSISTENT WITH ARTICLE 22 OF THE BILL OF RIGHTS.

OF INSTITUTIONAL

NOR

AND

FOR

THE

THE EMPLOYMENT OF STAFF IS AN AREA AUTONOMY IN WHICH IT WOULD BE NEITHER APPROPRIATE DESIRABLE FOR THE GOVERNMENT TO INTERFERE. TERMS CONDITIONS OF SERVICE, OTHER THAN SALARIES, ACADEMIC AND EQUIVALENT ADMINISTRATIVE STAFF UPGC-FUNDED

INSTITUTIONS DO NOT

OF REQUIRE GOVERNMENT APPROVAL, SUBJECT TO SUCH TERMS BEING COMPARABLE WITH, AND NO BETTER THAN, THOSE OFFERED TO COMPARABLE IN THE CIVIL SERVICE.

RANKS

-

SUBSIDISED HOUSING SCHEMES BENEFIT FIRST-TIME HOME BUYERS

*

WRITTEN

MR

FOLLOWING IS A QUESTION BY THE HON TAM YIU-CHUNG AND A REPLY BY THE ACTING SECRETARY FOR PLANNING, ENVIRONMENT AND LANDS, CANICE MAK, IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY):

MONETARY

QUESTION : RECENTLY, THE CHIEF EXECUTIVE OF THE HONG KONG AUTHORITY REMARKED THAT THE POLICY ADOPTED BY BANKS TO OFFER A MAXIMUM WOULD REMAIN UNCHANGED. OF 70%

MORTGAGE LOANS TO HOME BUYERS OF HOWEVER, THE CURRENT LEVEL OF PROPERTY PRICES IS STILL FAR BEYOND AFFORDABILITY OF THE GENERAL PUBLIC, PARTICULARLY THOSE YOUNG PEOPLE

VIEW JUST STARTED THEIR CAREER. IN

OF THIS, WILL THE WHO HAVE GOVERNMENT INFORM THIS COUNCIL WHETHER THERE ARE ANY SPECIFIC PLANS TO

SUCH AS

THEM OFFERING HOME BUYERS, ASSIST FIRST-TIME PERCENTAGE OF MORTGAGE LOANS?

A

HIGHER

ANSWER

MR PRESIDENT,

AN ADDITIONAL

LONG TERM IT IS THE GOVERNMENT'S POLICY OBJECTIVE UNDER THE HOUSING STRATEGY TO PROVIDE ADEQUATE HOUSING AT AN AFFORDABLE PRICE OR ON HOME OWNERSHIP PROMOTION, WE WILL RENT TO THE PEOPLE OF HONG KONG.

THEIR OWN HOMES HELP

THROUGH 180,000 FAMILIES BUY

THE VARIOUS

HOUSING ADMINISTERED BY SUBSIDISED HOUSING SCHEMES

THE HOME AUTHORITY AND THE

BEFORE 2001. UNDER HOUSING SOCIETY

SCHEME AND THE OWNERSHIP SCHEME, THE PRIVATE SECTOR PARTICIPATION SANDWICH CLASS HOUSING SCHEME, FLATS ARE SOLD TO LOW AND MIDDLE INCOME THE FAMILIES AT AFFORDABLE PRICES. THE HOME PURCHASE LOAN SCHEME AND

AND LOW- CLASS

INTEREST-FREE SANDWICH

HOUSING LOAN SCHEME OFFER

FLAT- INTEREST LOANS RESPECTIVELY TO ELIGIBLE APPLICANTS TO PURCHASE A

NOT HAVE ALTHOUGH THE GOVERNMENT DOES IN THE PRIVATE SECTOR.

THEM EXPLICIT POLICY TO ASSIST FIRST-TIME HOME BUYERS, MANY OF BECOME BENEFICIARIES UNDER THESE SCHEMES.

ANY

HAVE

/IN JUNE

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