TNAG-1139-FCO40-1419-Quarterly-progress-reports-on-Hong-Kong-1982 — Page 330

2

PART I (CONT'D)

-

CONFIDENTIAL #

Subject

Purpose

10

(Cont'd .....)

20

Home Ownership Scheme.

3. Private Sector

Participation

Scheme

To provide housing for purchase by families with household incomes below $6,500 p.m.

To provide housing for purchase by families with household incomes below $6,500 p.m.

Progress Made & Present Position

(g) provision of guidelines for the determination

of redevelopment applications;

(h)

exclusion from all controls of tenancies: for a fixed term of 5-years or more at a constant rent.

Next Quarter's T

:

Following adoption of revised pricing arrangements, (a); To introduce the whereby land value is excluded from flat prices, legislation has been drafted, mainly to -

(a) give effect to more stringent resale

restrictions; .

(b)

increase penalties for making false statements in applying for flats and for breach of resale restrictions;

+

(c) provide for improved control over

occupation of HOS flats.

The legislation will apply equally to flats developed under the Private Sector Participation Scheme and the Middle Income Housing Programme.

2

(a) Consideration has been given to viability

of the schemes without the inclusion of land value in the flat selling price.

(b) Sites tentatively identified for the

production of at least 5,000 PSPS p.a. from 1985/86 onwards.

Housing (Amendment) Bill 1982 into LegCo;

(b) to market the first

1,548 flats to be

sold under the revised arrangements.

To present proposals

for the revised PSPS flat pricing arrangements to ExCo.

CONFIDENTIAL

機密

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