TNAG-1607-FCO40-22122-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 204

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Purchasing the flats in which they reside will only mean

that they increase their financial burden without much added

advantage over their neighbours who will continue to pay

low rents and enjoy the same level of amenities and identical

standard of accommodation.

For the above reasons, it is therefore

inappropriate to embark on this proposal at this time.

This might be better considered in the mid-1990s when the

bulk of those awaiting public rental accommodation will

have been suitably housed. In the meantime, measures have

been introduced by the Housing Authority to increase the

proportion of new Home Ownership flats to be allocated to

Green Form applicats when necessary in order to meet the

recent increase in demand for such flats from these

applicants. A long term housing strategy review is also

underway to consider, inter alia, how best the demand for

home purchase can be met. In this context, proposals to

increase the proportion of Home Ownership flats and the

introduction of a Home Purchase Loan Scheme are being

considered. The results of this review are expected to

become available early this year.