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THE Sandwich Class Housing Loan Scheme will be extended, Secretary for Housing Dominic Wong Shing-wah said yesterday.
The fifth phase of the scheme is to be launched at the end of the year.
When the scheme was announced in 1993, it was only supposed to last for four phases.
But after visiting a Tseung Kwan O public housing estate yesterday, Mr Wong said that more than $400 million was left in the budget.
He predicted about $50 million would be received in loan repayments next year.
'I won't give the money to our Treasury, I will use it to subsidise the scheme to help needy families,' he said.
Mr Wong denied he had failed to realise his promise of providing enough public flats for people on the waiting list.
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