TNAG-1610-FCO40-22132-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 228

10.

- 5 -

The new strategy does not envisage any reduction in

Government's commitment to public housing but provides for an

overall increase in the total number of housing units subsidized

by Government. Nor does it, in any way, detract from the

priority given to housing those most in need. The new strategy will not adversely affect those eligible for public housing

under present policies. Instead, they stand to benefit by being

given a greater choice between rental and purchase.

11.

The increased emphasis on home ownership will improve

the overall cash flow of the housing programme and should enable the enhanced programmes to be met with no major increase in the

share of social programme funds which have to be allocated to

housing.

12.

To implement the new strategy successfully,

flexibility between all types

types of housing production will be

required and care will have to be taken to ensure that the new

policies do not have an inflationary effect on private sector

prices. This will mean careful coordination between public and

private housing activities with a readiness on Government's part

to use the Home Ownership and Private Sector

Participation