Tenant assets under scrutiny

PUBLISHED : Friday, 31 March, 1995, 12:00am
UPDATED : Friday, 31 March, 1995, 12:00am

THE assets of Housing Authority tenants could be scrutinised under a scheme to remove those residents considered too wealthy to qualify for subsidised housing.

The proposal is being considered by a special committee set up by the authority to look at the problem of tenants who own property.

The members of the committee have decided to broaden their terms of reference.

'After months of discussion among the committee's members, it is unanimously agreed that the scheme will be too narrow if we only examine those tenants having private property,' a statement from the committee said yesterday.

'Members of the committee have expressed concern that any proposals which focus on domestic property ownership alone might give rise to criticism that they do not address the wider question of assets, as property is only one form of asset.

'Singling out owners of private domestic properties from owners of other forms of assets for harsher treatment may be criticised as inconsistent and inequitable.' The suggestion by Housing Authority member Leung Chun-ying that overseas private properties be included was ruled out by committee chairman Professor Yeung Yue-man, who said it presented too many difficulties.