How to make property and handouts do good work for the community

Jake van der Kamp has put the finger on colonial land policy ('Blame history, not Li Ka-shing for HK's tilted property market', April 10) as the cause of the aberration in the property market.

But what if our government modified our land policy and conducted an experiment?

Instead of inviting tenderers to buy leasehold land, what if the government invited master planners to submit proposals on use of a specific parcel of land?

They could invite architects to submit designs - on 'green' criteria, for example - for a mixture of low, middle and higher income housing, according to a selected master plan.

Or they could invite contractors to tender for construction of specific lots of buildings. They could pay all the parties who participated, which would be much better than giving handouts.

Now as 'developer and owner', the government could set affordable rents for different classes of housing.

In lieu of the revenue from sales of leasehold land, the government would also have a recurring stream of income long-term. If authorities outsourced building maintenance to the private sector, they would further benefit the economy.