Housing policy 1. Long-Term Commitment to Provide Public Renta
l Housing; 2. New Policy for Resumption of Home Ownership
Scheme; 3. Enhancing the My Home Purchase Plan; 4. Housing Land Supply and Sale of Sites with Flat
Size Restrictions; 5. Policy on Land Development and Accumulation; 6. Regulating the Sale of Residential Flats by Legisl
ation; and 7. Development in Old Districts
Content
5000 small and medium flats collaboration with the Hong Kong Ho
using Society first-time home buyers sandwich class.
Social reason poor and rich are dividing into two
opposing extremes Slow down the motion of class Society unstable.
Social reason “To live in peace and enjoy one's wor
k” Own their flat “house” or “home” = basic Believed Gov. should help them they could have chance to own their p
roperties.
Economic reason Nowadays, all property developers are interested i
n building large premium properties and selling high price to generate high profit. Middle or small size properties become extinguish in the market. Crazily rises of properties price and inflation causing revive of Home Ownership Scheme (HOS) becomes a pacification policy for the middle class family.
Government provides HOS would affect the property market. HOS flats are lower than market price; therefore, government can act as a competitor in the market and control the small and middle size flat price.
Social Advantage stabilize the society motion social class minimize the extreme disparity betwe
en the rich and the poor solve the contradiction of society.
Economic advantage Investment attitude cost and risk are relatively lower. Good for “beginner” suitable for young investor
Problems Densely populated in Hong Kong Large size house is limited Many buyer come form outside, Demand is higher than supply. Supplier only target “large flat”$
Problems Where are lands come from? HOS area increase ; Private housing ar
ea decrease. Decrease number of private flat. Private flat price go up; disqualified middle class will be affect
ed.
Problems Slow and difficult to go into the
private market HOS takes nearly ten years to
bring into market not efficient.
Problem Home & Investment tool. Connected HOS and Private Affect other side HOS cause private property price dro
p quickly Economic affected Affect investor’s reliance toward Ho
ng Kong as a free market.
Problems small group enjoying the benefit Home Ownership Scheme
requirement Always above quota By lottery Opposite form the
policy. benefit the most suitable applicant.
unidirectional permanent housing sponsorship scheme
Government cannot assess lucky fellow’s monthly domestic household incomein future
Not fair Public rental housing periodically a
ssess income level
selection limited discount it into cash less efficient than the private sector not move on to a more suitable
place of residence. HOS low flow, increase the traffic load causing air pollution.
Help middle class to accumulate wealth
Stronger mind in request resumes building HOS.
Bursting economic bubble resume building HOS disappear
Do something to lower the price Increasing the land use supply Supply close to demand Settle public needs
Reduce attractiveness of HOS in 2nd hand market
Pay taxes for resale of HOS Refund part of the profit to Gov. Loss people apply for investment More suitable people get benefit
Supply will increase Increase the taxes for those own man
y properties. Prevent holding too many properties To make sure the flat size is matched
with local citizen need Increase the amount of small and mid
dle flat.
Education suggestion Lifel=own a property? Parents educates their children to ow
n a property Advertisement 80’s use all their method to get a pro
perty Goal = property = success High demand
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