TNAG-1139-FCO40-1419-Quarterly-progress-reports-on-Hong-Kong-1982 — Page 119

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Subject

Home Ownership Scheme (HOS).

Purpose

Progress Made & Present Position

Through the agency (a) It was decided that tenants of the

of the Housing

Authority to

provide flats for sale to families with monthly incomes below $6,500, and to public housing tenants, regardless(b) of family income, who relinquish

their rental flat.

Hong Kong Housing Society should be permitted to apply for flats on the same basis as Housing Authority tenants; that is, regardless of family income, on condition that successful purchasers relinquish their rental flats,

The first batch of 1,548 flats (Phase IIIB of the Scheme) to have

land value excluded from the sale price, subject to more stringent resale restrictions, attracted 37,276 applications. These flats were sold during the quarter.

Next Quarter's Target

ballot and sell the flats.

c) Phase IVA of the scheme, comprising To select purchasers by

5,064 flats in east Kowloon, Shatin, Shek Wu Hui and Tuen Mun, "was offered for sale, and a total of 34,306 applications received,

CONFIDENTIAL #B

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CONFIDENTIAL #