TNAG-1575-FCO40-2148-Housing-in-Hong-Kong-1986 — Page 23

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housing or enable them to be passed to their heirs and successors as of right. New tenancies in public housing should be of 10 years duration and terminated or extended according to the then prevailing

Let more under-privileged financial circumstances of the tenant. people have that 10 year relief in subsidized rent and have some savings to create wealth and foster their sense of belonging to Hong Kong. This is a more pleasant way of re-distribution of wealth within our community". What prompted me to say this was that there were people I know who owned up to 5 flats, had a middle class

This is not fair income, but were still living in public housing.

to the taxpayer subsidizing them nor to the long queue of underprivileged people. After 3 years, I review my speech but my belief is still unchanged.

Since then, there was a "Review of Public Housing Allocation Policies" in 1984 and an independent public attitude survey conducted during the same period which showed that many people were in support of introducing fixed-term tenancies, at the

Those whose expiry of which the tenants should be means-tested. income exceeded a certain limit should be evicted but could be given

However, members of the the option to buy Home Ownership flats. Housing Authority were against eviction, but were generally in favour of limiting the provision of subsidized public housing to those most in need of it. Therefore, the Committee on Housing Subsidy to Tenants of Public Housing was set up in October 1984 and the Domestic Rent Policy Review Committee in July 1985, the Reports of which are the subjects of today's debate.

Money for Value

The resources of any society is not unlimited and we must If a family is accommodated in a public make the best use of them. housing flat for 10 years and is then induced to move into a Home Ownership flat, the same flat will be able to accommodate another more needy family. If we do not have jerry houses, that same flat