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  • October 25, 2014
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  1. Business - Comment - MR. SHANGKONG

    A house is not a home until it becomes affordable

    Posted Mar 04th 2013, 12:00am by George Chen

    ... is how the government can ensure people can better afford to buy property. Public housing is one way to allow more ordinary people, in particular those with low incomes, to obtain their first ... George Chen Rather than blaming developers, non-local buyers and the US Fed for high property prices, government should focus on how to make HK people rich A house is not a home until ...

  2. Finance chief warns homebuyers to think about what they can afford

    Posted Oct 29th 2010, 12:00am by Tanna Chong

    ... to stabilise prices and address speculation. 'The increase in housing prices is worrisome,' he said. 'The administration is watching the situation carefully and will take action if prices climb too high. Buyers should carefully consider how much they can afford before deciding whether to buy a home.' His list of potential solutions included increasing the supply ...

  3. Housing chiefs opt for 10pc cut in rents

    Posted Mar 17th 2004, 12:00am by Chloe Lai

    ... Chloe Lai Compensation proposal for tenants of public flats would cost $740m a year Nearly half a million public housing tenants would have their rent cut by 10 per cent and all welfare ... with a court ruling on public housing rents. If adopted, it would cost taxpayers $740 million a year. Director of Housing Leung Chin-man said yesterday the option was not ideal but the one which best ...

  4. 10pc rent-cut proposal backed

    Posted Mar 31st 2004, 12:00am by Staff Reporter

    ... Cheung Chi-fai The measures will cost the Housing Authority $7.7 billion if it fails to overturn court ruling The Housing Authority yesterday endorsed a plan to waive public rents for welfare recipients and offer a 10 per cent cut for nearly half-a-million public housing tenants. The plan, if implemented, would meet the legal requirement of keeping tenants' median ...

  5. Local officials urged to implement price-control policies for housing

    Posted Mar 15th 2011, 12:00am by Celine Sun

    ... affordable housing programme covers several schemes, including subsidised rental flats, government-owned rental flats, market flats with price caps and relocation flats for residents of slums in old ... Celine Sun Premier Wen Jiabao urged local officials to play their part in curbing rocketing housing prices and implement tightening policies launched by the central government. ...

  6. Cities' low-income earners to get housing

    Posted Aug 27th 2007, 12:00am by Josephine Ma

    ... Josephine Ma Plans are afoot to provide housing to low income earners in eastern provinces by next year as the central government tries to bridge the widening wealth gap. A national housing conference last week, chaired by Vice-Premier Zeng Peiyan, also reiterated a promise to provide for the urban poor nationwide by 2010. The government also intends to hand out housing ...

  7. Government pressed on affordable homes

    Posted Oct 04th 2010, 12:00am by Tanna Chong

    ... Tanna Chong With 10 days remaining before the policy address, political parties and concern groups are increasing their calls for affordable homes. Parties across the political spectrum ... suggestions drew criticism from a member of a housing concern group, who said any building projects situated above railway stations would produce only expensive flats, as shown by YoHo Midtown next ...

  8. First step in bid to raise housing rents

    Posted Mar 10th 2006, 12:00am by May Chan

    ... a tenant can afford. Earlier amendments to the Housing Ordinance, which came into effect in 1998, limited public housing rents to 10 per cent of tenants' median household income. In 2002, ... was made to raise rents, and the 10 per cent median income-to-rent ratio was not a statutory definition of affordability. Secretary for Housing, Planning and Lands Michael Suen Ming-yeung, chairman ...

  9. More talks urged on public housing rents

    Posted Jun 09th 2006, 12:00am by Staff Reporter

    ... Dikky Sinn The Civic Party has urged the government to extend its consultation period on public housing rents to allow more discussion on its proposed rent-adjustment system. Party ... income, rather than the two indices proposed by the government, since income was the major factor that affected affordability. If the government is to introduce the rent adjustment mechanism, ...

  10. Suen: government may introduce measures to help public housing tenants

    Posted Nov 15th 2004, 12:00am by Paggie Leung

    ... PAGGIE LEUNG Updated at 5.15pm: Secretary for Housing, Planning and Lands Michael Suen Ming-yeung said on Monday the government would consider measures to ease financial pressure on public housing tenants- if it wins an appeal on rent levels next week. A High Court judgment handed down in July last year required the Housing Authority to review the rent of existing public housing ...




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