• Mon
  • Dec 29, 2014
  • Updated: 10:43am

Sandwich Class

Housing and holidays bring smiles

Housing and holidays bring smiles

The city's happiness level, as measured by an annual survey, dropped to the level in 2008, the year of the global financial crisis. And the least happy are those in the "sandwich class", whose incomes exclude them from government help without offering them financial comfort.

Tuesday, 30 April, 2013, 3:53am

Rental component in housing plan for Hong Kong middle class may be dropped

Housing minister Anthony Cheung Bing-leung said a new rent-or-buy housing programme for the middle class could be reviewed in the upcoming long-term housing strategy.

18 Aug 2012 - 5:17am

Sandwich class home purchase help urged

The government was yesterday urged to help those in the sandwich class to get a home.

Liberal Party honorary chairman James Tien Pei-chun said Hong Kong could have a policy of two property markets - a luxury one for those who could afford homes and a basic one for those shut out by soaring prices.

5 Jul 2011 - 12:00am

Crying foul

What started as a simple exchange of hellos with my neighbour in the lift lobby last week ended with me letting loose the foulest expletives you can imagine. My verbal filth embarrassed him - a polite man who works in the financial sector. But I couldn't help it. He told me his landlord had raised his rent by a non-negotiable 25 per cent - forcing him to either pay up or move.

11 Oct 2010 - 12:00am

MIDDLE CLASS FEEL HOME-LOAN PRESSURE

A survey has found up to a quarter of sandwich class homeowners are prepared to declare bankruptcy because they cannot afford their mortgages. The Sandwich Class Housing Alliance polled 670 homeowners from five estates. It found 90 per cent had remortgaged, and called on the Housing Society to scrap the penalty for remortgaging to allow people to benefit from lower rates.

6 Jan 2003 - 12:00am

Help for 'neglected' job-seekers

Unemployed middle-ranking managers and professionals form a 'sandwich class' with little access to job-seeking help, according to a charity set up to address the problem.

15 Dec 2002 - 12:00am

Income limits are unrealistic

During the Easter holidays, I went with some friends to look at the sandwich class flats at Diamond Hill MTR Station.

We all earn around $32,000 to $38,000 per month.

Because of the income limits laid down, we earn too much to be allowed to apply for Home Ownership Scheme flats.

26 Apr 1999 - 12:00am

Sandwich class housing scheme axed

A housing loan scheme has been scrapped and the income limit for another cut in an overhaul to take account of plunging property prices.

The six-year-old sandwich class plan, put on hold in October, has been abolished, while applicants for the home starter package must now earn $60,000 or less a month, down from $70,000.

30 Mar 1999 - 12:00am

Sandwich-class flats may dry up

The Housing Society may not be able to fulfil its pledge to provide affordable housing for all sandwich-class families by early next century, a senior staff member admitted yesterday.

The society will open applications for two new sandwich-class housing projects next week in Tseung Kwan O and Ap Lei Chau to provide homes for almost 1,700 families.

17 Jul 1996 - 12:00am

Push is on to build 30,000 new flats

SANDWICH class housing, first proposed by Governor Chris Patten in October 1992 to subsidise middle-income families, is advancing at full speed and should account for 20,000 new flats by 2001.

In his policy address in October 1995, the Governor pledged to accelerate the programme and increase the longer-term target by 50 per cent to 30,000 units over the next eight years.

15 Nov 1995 - 12:00am

Housing bids

ABOUT 4,000 families have put in bids for the 1,500 places in the latest phase of the sandwich class housing loan scheme, which closed on Tuesday.

5 May 1994 - 12:00am

Call to build more housing

LEGISLATORS said the Government should build more flats.

United Democrat legislator Cheung Man-kwong said more homes were needed for the sandwich class in order to free the market from the monopoly of a handful of major developers.

30 Mar 1994 - 12:00am

Budget flaws

I AM sure the whole territory was well pleased with Sir Hamish Macleod's promise that Hong Kong people would share the success of the territory, when he was interviewed the day before the new Budget was released, and people's elation became greater when they heard about the tax cuts mentioned in the new Budget.

12 Mar 1994 - 12:00am

Sandwich class housing loan scheme clarified

I REFER to the article that appeared in the Property Post January 12, 1994, regarding Hong Kong Housing Society's sandwich class housing loan scheme.

Since some information contained in the article fails to give an accurate account of the scheme, I would like to elaborate on some basic elements and rectify some inaccuracies.

19 Jan 1994 - 12:00am

Sandwich loan plan criticised

THE Government was last night urged to set up an independent study into why there had been such a poor response to the sandwich class housing scheme.

Property analysts said the cheap loans idea, which attracted only a fraction of the 40,000 eligible applicants, was only a drop in the ocean measure to deal with the problem.

8 Sep 1993 - 12:00am

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