60pc support buy home plan

PUBLISHED : Monday, 03 November, 1997, 12:00am
UPDATED : Monday, 03 November, 1997, 12:00am

Nearly 60 per cent of public housing tenants support plans to allow them to buy their homes, according to a survey.

And about half the respondents said they would take advantage of the scheme.

The decision on whether to buy the flats were related to income, the building's age and the flat's area, respondents said. The older the building and the smaller the area, the less willing respondents were to buy.

The survey was conducted by the Democratic Alliance for the Betterment of Hong Kong last month in 26 public housing estates aged under 20 years.

Of those wanting to buy a flat, nearly 20 per cent of the 1,156 people who responded considered they were cheap. Respondents were willing to pay an average price of $230,000.

They said the restriction on reselling should be similar to Home Ownership Scheme flats, which is 10 years.

Respondents in flats between six and 10 years old were willing to pay an average of $240,000, while those in flats between 11 and 15 years would pay $200,000.