TNAG-1139-FCO40-1419-Quarterly-progress-reports-on-Hong-Kong-1982 — Page 120

CONFIDENTIAL #2

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Subject

Purpose

3. (a) Private Through the sale

Sector

of land to private Participation developers, subject Scheme (PSPS) to production of

flats at pre- determined sale prices, to provide flats for sale to families meeting

(b) Middle

Income Housing Programme (MIHP)

Progress Made & Present Position

Revised pricing arrangements, whereby land value is excluded from flat selling prices, and more stringent restrictions on alienation, incorporated in the conditions attached to the first two lots offered for development in accordance with the policy approved in March 1982. These two lots, both in Chaiwan, are expected to yield approx. the HOS eligibility 2,800 MIHP flats in 1985/86. criteria.

}

Through similar

arrangements to the

PSPS, to provide

larger flats for

sale to families

with household

incomes in excess of the HOS limit.

Next Quarter's Target

(a) To assess tenders

(b)

for the two sites offered for development in July 1982.

To monitor the processing and offer for development of further sites..

under the PSPS/

MIHP.

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CONFIDENTIAL

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CONFIDENTIAL #2