TNAG-1015-FCO40-1265-Quarterly-progress-reports-on-Hong-Kong-1981 — Page 51

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

CONFIDENTIAL ##

2.

PART I (CONT D

Subject

2. Working Party on

Home Ownership

3. Hong Kong Housing

Society Rural Public Housing

4. Middle Income

Housing

24

Purpose

To review the present Home- Ownership Schemes and to make... recommendations on how they may be improved in. order to provide more flats-for- the income classes covered by them.

To provide rented public housing in rural areas.

To provide housing for families with household incomes

in excess of

$6,500 per month.

Progress Made & Present Position

The Working Party met on five occasions to discuss the various aspects-per- taining to the HOS, e.g. affordability of the target group, land availability- and mortgage finance, étc.

The Hong Kong Housing Society proceeded with planning for the construction of the Tui Min Hoi estate at Sai Kung.

Tenders for the Tuen Mun project were assessed and the project was awarded to the highest tenderer, Gold Queen Ltd., at a premium of $303.3 million.

Next Quarter Target

To continue fortnightly

meetings and to finalise the report.

To prepare submission to Finance Committee for the allocation of funds for this project.

(a) To monitor progress

regarding this project.

(b) To arrange for the

site at Chai Wan Hill to be

developed and to identify further sites.

t

GF 323

CONFIDENTIAL #

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