• Sat
  • Oct 25, 2014
  • Updated: 6:40pm

Subsidized Housing

Beijing threatens penalties for missed subsidised-housing targets

Local governments that fail to meet annual targets for the construction of subsidised housing for the less privileged will be banned from building new offices for themselves, the central government announced.

Sunday, 2 October, 2011, 12:00am

State Council sets rules for public rented homes

The central government has issued detailed criteria for the country's public rental housing, giving it a more prominent role in the country's ambitiou s subsidised housing schemes.

At a State Council executive meeting presided over by Premier Wen Jiabao yesterday, the government for the first time set out who would be eligible for public rental flats on the mainland.

20 Sep 2011 - 12:00am

Cash drain may stifle plans for cheaper housing

China's ambitious plans for providing government-subsidised housing - including building 36 million homes between this year and 2015 - may be too costly to continue, a senior government adviser said.

16 Sep 2011 - 12:00am

Warning of social unrest over home costs on mainland

A top Ministry of Construction official has warned that as mainland property prices continue to climb, a decline in housing affordability among low- and middle-income families could lead to social instability.

26 Jan 2007 - 12:00am

From subsidised homes to urban renewal

The Housing Society, established in 1948, is a non-profit statutory body that provides subsidised housing to people in need.

Estimated to have a surplus of $20 billion, it operates more than 32,000 flats in 20 subsidised estates, accommodating more than 100,000 tenants.

5 Jun 2006 - 12:00am

Housing Society to help manage old flats

In a $100m venture, the non-profit body will have two centres offering services

The non-profit Housing Society will set up two district centres next year to provide property maintenance and management services for owners of old apartments as part of a $100 million plan offering new services .

31 Dec 2003 - 12:00am

Time to means-test all public housing tenants

In the waning days of British colonial rule legislators amended the law, capping public housing rents at 10 per cent of median income. At the time, no one imagined incomes could fall in Hong Kong, and the intent was to keep the Housing Authority from raising rents as the private market continued to boom - and the assumption was that it would.

12 Jul 2003 - 12:00am

Target call seen as pessimism

New calls by key developers for the Government to drop its long-term housing target reflect their pessimism about the outlook of the housing sector, according to property consultants and analysts.

They said the fragile market had lost its direction and developers hoped to boost the sector by slashing the supply of government-subsidised units.

22 Sep 1999 - 12:00am

Rich tenants depriving poor of public housing

I heard the news that a public housing tenant who used $100,000 to decorate his flat was forced to move out after ignoring several warnings given by the Housing Department asking him to return his apartment to its original condition.

The termination of the tenancy was served on the grounds that the tenant violated the clauses stipulated in the tenancy agreement.

20 May 1997 - 12:00am

Tenant assets under scrutiny

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.

31 Mar 1995 - 12:00am