XN000022-1996-11-13 — Page 48

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Answer:

Mr President,

The Housing Authority monitors and supervises the management and maintenance of Home Ownership Scheme estates by property management agents, in order to ensure that the services provided meet specified standards. To cover the administration overheads and staff costs incurred by the Housing Authority, a supervision fee is paid by property management agents and is recovered from management fees collected from flat owners.

End