TNAG-0669-FCO40-818-Policy-on-housing-and-resettlement-in-Hong-Kong-1977 — Page 138

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Paper WPHO(A) 3/77

Memorandum for the Working Party on Home Ownership

Report of the Working Group

on Joint Ventures

At its fifteenth meeting held on 27th November, after considering Paper PHO(I) 13/76, the Working Party on Home Ownership appointed the following as a Working Group "to examine the scope for joint ventures with real estate interests"

C.R. & V.

D.S.(E)2

D.S.M.A.

P.A.S.(H)

A.F.S.(SD)

Chairman

Member

Member

Member

Member & Secretary

This memorandum is the report of the Working Group.

Scope of Investigations

2.

The need to examine the scope for joint ventures is implied in paragraph 6 of the Working Party's Terms

of Reference, and amplified in paragraph 6 of Faper WPHO(I) 13/76.

ろ。

Whether the proposed mortgage scheme should be extended beyond 30,000 mortgages to include, for example, purchases of private-sector-built flats by eligible households is a matter for the Working Party to resolve. In the circumstances the scope of the Working Group's investigations can be more narrowly defined as being those issues arising from the following questions

(a) why enter into any joint ventures

with the private sector at all;

(b)

(c)

what sites have been identified for development by the private sector of the real estate industry;

can a satisfactory scheme be devised to enable the Government and the private sector to enter into joint ventures that would facilitate the promotion of home ownership?

The Case for Joint Ventures

4. As regards paragraph 3(a), data from the household expenditure surveys suggest that there may be as many as 150,000 households whose income fall within

the range the Working Party has envisaged for the

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