2 -
demand for public housing units will be satisfied only in
the mid-1990s. The proposal to sell existing public rental
units to sitting tenants does not have the effect of
increasing our housing stock and will not therefore assist
in solving Hong Kong's housing problem. In fact, the
proposal will result in a reduction of the stock of rental
housing at a time when there is still a sizeable outstanding
demand and it will have the net effect of delaying rehousing
for those who are most in need of adequate housing.
Secondly, there are management and social
problems associated with estates or blocks of flats with
a mixed population of owners and tenants. It makes
maintenance and improvement projects more difficult and
the eventual redevelopment of such estates will become
exceedingly complicated. And if only the new and nice
flats are to be sold to tenants, a situation may arise in
future in which old rental public housing will represent
the most socially undesirable accommodation in the territory.
This will have great social implications.
Thirdly, there is little incentive to the tenants
to buy the units they are currently occupying. Housing
Authority tenancies confer upon the tenants strong security
of tenure. They are in fact in almost as secure a position
as flat owners and they enjoy relatively cheap rents.
/Purchasing
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