XN000022-1996-11-13 — Page 28

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Home Ownership Scheme and Private Sector Participation Scheme

Following is a question by the Hon Chan Wing-chan and a written reply by the Secretary for Housing, Mr Dominic Wong, in the Legislative Council today (Wednesday):

Question:

Is the Government aware of:

(a) the number of flats produced in respect of each phase of the Home

Ownership Scheme (HOS) in the past five years;

(b)

the following information under the green-form and white-form categories in respect of each phase of the HOS in the past five years:

(c)

(d)

(i)

quota allocation;

(ii)

number of applications;

(iii) oversubscription rate;

(iv)

(v)

number of cases involving purchasers of uncompleted HOS flats failing to complete sale and purchase agreements after payment of deposits; and

number of cases involving owners of HOS flats surrendering their flats to the Housing Authority on account of default in mortgage repayment;

the reasons for the increase in the number of forfeiture of deposit cases in respect of HOS flats; and

whether the Housing Authority will adjust the production rate and prices of HOS flats in the light of the reasons given in the answer to (c) above; if so, how the rates of such adjustments will be determined?