Etract D.1. B
Friday, October 9, 1970
17
TRIBUTE TO PRIVATE DEVELOPERS
Spectacular Contribution To Housing
→
288.75 million
Mr. Paul K, C. Tsui, Commissioner for Resettlement, paid a tribute
to privato developers in Hong Kong today for their "spectacular" contribution
towards providing housing.
He told the Logislative Council in the past 19 years they had spent
no less than $4,200 million to provide residential buildings.
comprised
For the past six years, they had produced some 106,000 domestic units,
and at the end of 1969, domestic accommodation in the urban areas excluding
rosettlement, low-cost housing and government-aided housing schemOS
191,000 tenement floors, 56,200 small flats, 22,900 large flats, and 1,050
houses, accommodating 1.6 million compared to the 1.7 million aided by public
financo.
"These efforts have made a significant contribution to Hong Kong's
housing problem, and I hope they will continue," he said.
On a proposal that income limits for admission to Government Low-
Cost Housing and Housing Authority estates be adjusted upward by 20 per cent,
he explained the current higher income limit of $500 for Government Low-
Cost Housing and $900 for Housing Authority estates represented not the actual
income of the applicant's family, but only the income of the head of the
household, plus 50 per cent of the gross income of other members of the family.
So, when the income of an eligible family was assessed at $500 or
$900, its actual income in most cases was much more.
17,666 ....
#KK 18/15
/Mr. Tsui
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