DOCSLIB.ORG

OFFICIAL RECORD of PROCEEDINGS Thursday, 28

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

LEGISLATIVE COUNCIL ─ 28 October 2010 883 OFFICIAL RECORD OF PROCEEDINGS Thursday, 28 October 2010 The Council continued to meet at Nine o'clock MEMBERS PRESENT: THE PRESIDENT THE HONOURABLE JASPER TSANG YOK-SING, G.B.S., J.P. THE HONOURABLE ALBERT HO CHUN-YAN IR DR THE HONOURABLE RAYMOND HO CHUNG-TAI, S.B.S., S.B.ST.J., J.P. THE HONOURABLE LEE CHEUK-YAN THE HONOURABLE FRED LI WAH-MING, S.B.S., J.P. DR THE HONOURABLE MARGARET NG THE HONOURABLE JAMES TO KUN-SUN THE HONOURABLE CHEUNG MAN-KWONG THE HONOURABLE CHAN KAM-LAM, S.B.S., J.P. THE HONOURABLE MRS SOPHIE LEUNG LAU YAU-FUN, G.B.S., J.P. THE HONOURABLE LEUNG YIU-CHUNG DR THE HONOURABLE PHILIP WONG YU-HONG, G.B.S. THE HONOURABLE WONG YUNG-KAN, S.B.S., J.P. 884 LEGISLATIVE COUNCIL ─ 28 October 2010 THE HONOURABLE LAU KONG-WAH, J.P. THE HONOURABLE LAU WONG-FAT, G.B.M., G.B.S., J.P. THE HONOURABLE MIRIAM LAU KIN-YEE, G.B.S., J.P. THE HONOURABLE ANDREW CHENG KAR-FOO THE HONOURABLE TIMOTHY FOK TSUN-TING, G.B.S., J.P. THE HONOURABLE TAM YIU-CHUNG, G.B.S., J.P. THE HONOURABLE LI FUNG-YING, S.B.S., J.P. THE HONOURABLE TOMMY CHEUNG YU-YAN, S.B.S., J.P. THE HONOURABLE AUDREY EU YUET-MEE, S.C., J.P. THE HONOURABLE VINCENT FANG KANG, S.B.S., J.P. THE HONOURABLE WONG KWOK-HING, M.H. THE HONOURABLE LEE WING-TAT DR THE HONOURABLE JOSEPH LEE KOK-LONG, S.B.S., J.P. THE HONOURABLE JEFFREY LAM KIN-FUNG, S.B.S., J.P. THE HONOURABLE ANDREW LEUNG KWAN-YUEN, G.B.S., J.P. THE HONOURABLE CHEUNG HOK-MING, G.B.S., J.P. THE HONOURABLE WONG TING-KWONG, B.B.S., J.P. THE HONOURABLE RONNY TONG KA-WAH, S.C. THE HONOURABLE CHIM PUI-CHUNG PROF THE HONOURABLE PATRICK LAU SAU-SHING, S.B.S., J.P. LEGISLATIVE COUNCIL ─ 28 October 2010 885 THE HONOURABLE KAM NAI-WAI, M.H. THE HONOURABLE CYD HO SAU-LAN THE HONOURABLE STARRY LEE WAI-KING, J.P. DR THE HONOURABLE LAM TAI-FAI, B.B.S., J.P. THE HONOURABLE CHAN HAK-KAN THE HONOURABLE PAUL CHAN MO-PO, M.H., J.P. THE HONOURABLE CHAN KIN-POR, J.P. DR THE HONOURABLE PRISCILLA LEUNG MEI-FUN DR THE HONOURABLE LEUNG KA-LAU THE HONOURABLE CHEUNG KWOK-CHE THE HONOURABLE WONG SING-CHI THE HONOURABLE WONG KWOK-KIN, B.B.S. THE HONOURABLE IP WAI-MING, M.H. THE HONOURABLE IP KWOK-HIM, G.B.S., J.P. THE HONOURABLE MRS REGINA IP LAU SUK-YEE, G.B.S., J.P. DR THE HONOURABLE PAN PEY-CHYOU THE HONOURABLE PAUL TSE WAI-CHUN DR THE HONOURABLE SAMSON TAM WAI-HO, J.P. THE HONOURABLE ALAN LEONG KAH-KIT, S.C. THE HONOURABLE LEUNG KWOK-HUNG 886 LEGISLATIVE COUNCIL ─ 28 October 2010 THE HONOURABLE TANYA CHAN THE HONOURABLE ALBERT CHAN WAI-YIP MEMBERS ABSENT: DR THE HONOURABLE DAVID LI KWOK-PO, G.B.M., G.B.S., J.P. THE HONOURABLE EMILY LAU WAI-HING, J.P. THE HONOURABLE ABRAHAM SHEK LAI-HIM, S.B.S., J.P. THE HONOURABLE FREDERICK FUNG KIN-KEE, S.B.S., J.P. THE HONOURABLE WONG YUK-MAN PUBLIC OFFICERS ATTENDING: THE HONOURABLE JOHN TSANG CHUN-WAH, G.B.M., J.P. THE FINANCIAL SECRETARY THE HONOURABLE STEPHEN LAM SUI-LUNG, G.B.S., J.P. SECRETARY FOR CONSTITUTIONAL AND MAINLAND AFFAIRS THE HONOURABLE AMBROSE LEE SIU-KWONG, G.B.S., I.D.S.M., J.P. SECRETARY FOR SECURITY DR THE HONOURABLE YORK CHOW YAT-NGOK, G.B.S., J.P. SECRETARY FOR FOOD AND HEALTH THE HONOURABLE TSANG TAK-SING, G.B.S., J.P. SECRETARY FOR HOME AFFAIRS THE HONOURABLE MATTHEW CHEUNG KIN-CHUNG, G.B.S., J.P. SECRETARY FOR LABOUR AND WELFARE LEGISLATIVE COUNCIL ─ 28 October 2010 887 PROF THE HONOURABLE K C CHAN, S.B.S., J.P. SECRETARY FOR FINANCIAL SERVICES AND THE TREASURY THE HONOURABLE MRS CARRIE LAM CHENG YUET-NGOR, G.B.S., J.P. SECRETARY FOR DEVELOPMENT THE HONOURABLE EDWARD YAU TANG-WAH, J.P. SECRETARY FOR THE ENVIRONMENT THE HONOURABLE EVA CHENG, J.P. SECRETARY FOR TRANSPORT AND HOUSING THE HONOURABLE MRS RITA LAU NG WAI-LAN, J.P. SECRETARY FOR COMMERCE AND ECONOMIC DEVELOPMENT MR GREGORY SO KAM-LEUNG, J.P. UNDER SECRETARY FOR COMMERCE AND ECONOMIC DEVELOPMENT MS FLORENCE HUI HIU-FAI, J.P. UNDER SECRETARY FOR HOME AFFAIRS CLERKS IN ATTENDANCE: MRS CONSTANCE LI TSOI YEUK-LIN, ASSISTANT SECRETARY GENERAL MRS VIVIAN KAM NG LAI-MAN, ASSISTANT SECRETARY GENERAL MRS JUSTINA LAM CHENG BO-LING, ASSISTANT SECRETARY GENERAL MRS PERCY MA, ASSISTANT SECRETARY GENERAL 888 LEGISLATIVE COUNCIL ─ 28 October 2010 PRESIDENT (in Cantonese): Good morning. We now proceed to the first debate session on the Motion of Thanks debate. MEMBERS' MOTIONS MOTION OF THANKS Continuation of debate on motion which was moved on 27 October 2010 MR ALAN LEONG (in Cantonese): Good morning, President. The Government has let the public see a naked bogus consultation during the past few months. Various opinion surveys have shown that the call for the resumption of the Home Ownership Scheme (HOS) has been the strongest ever since the reunification. This is also a policy related to people's livelihood ardently hoped for by the people of Hong Kong. Unfortunately, the Government still insisted on its own views after conducting the public consultation and proposed a so-called My Home Purchase (MHP) Plan which is far from being realistic at all. President, there are few issues on which various political parties and groups can reach a consensus in this Council, and this issue of resumption of the HOS is one of them. But despite this strong political consensus, the Government still holds on to its view and insists on not resuming the HOS. This total disregard of public opinion in administration is really inconceivable to me. President, although the Policy Address has put forward a number of measures to improve people's livelihood, they seem to be only scratching the surface of the problems which are structural in nature. Unresolved, they have caused deep-rooted conflicts in society. The Chief Executive is like a doctor who despite his knowledge of the causes of the illness, fails to prescribe an instant cure to the patient. His prescription can only arrest the coughs, but not treat the disease. This MHP Plan is used by the authorities as a major initiative to fine-tune the housing policy, but it cannot put people's mind at ease. President, after the Policy Address was delivered, if only we look at the number of people who go to inspect the flats, the rise in the prices of real estate stocks and the volume of new flats traded at record-high prices, we will see that such market responses are telling the Government that this MHP Plan will not LEGISLATIVE COUNCIL ─ 28 October 2010 889 help solve the housing problem of the people. That is to say, these signs are telling the Chief Executive that he has failed to deliver. President, under this MHP Plan, the Government will provide some small and medium flats for lease to eligible applicants at prevailing market rent. The tenancy period is five years, after which the tenants may choose to purchase these flats or flats in the private market. In the latter case, they will receive a subsidy equivalent to half of the rental paid during the tenancy period and use it as part of the down payment. President, if we think about it carefully, we will find that many details about this Plan are not yet made public, and many loopholes may be found in the Plan as well. Speaking of numbers, the first batch of 1 000 flats in the Plan will not be available in the market until 2014 at the earliest. However, the number of eligible applicants from the sandwich class who are unable to purchase their first home due to the high land price policy is, according to estimates made by some scholars, as many as 140 000 people. This Plan aims at providing some 4 000 to 5 000 flats within three years, which is really a drop in the ocean. It can also be likened to water from a distant place that cannot put out a fire in front of your eyes. I do not think the Government can offer any plausible explanation to the great number of people who cannot purchase their homes. President, what is more outrageous is that the MHP Plan is actually far detached from the reality. The original intent of this policy is to provide some relief to the sandwich class who intends to buy a home but is barred from doing so because of the exorbitant property prices. It is hoped that people in that class can save up some money while they rent the flats under the Plan. But if we do some calculations, we will find that it is almost impossible for these applicants to buy a home in this way. President, details on the income floor of this Plan are not yet announced while an income ceiling is mentioned. If the income ceiling for an individual is set at $23,000 and the asset limit must be not more than $300,000, then the rent payable under the Plan is about $9,000. Even if the rent rebate is half of the total rent paid during the period, that is, $240,000, the sum can hardly suffice as down payment.
Recommended publications
  • Hong Kong Final Report

    Hong Kong Final Report

    Urban Displacement Project Hong Kong Final Report Meg Heisler, Colleen Monahan, Luke Zhang, and Yuquan Zhou Table of Contents Executive Summary 5 Research Questions 5 Outline 5 Key Findings 6 Final Thoughts 7 Introduction 8 Research Questions 8 Outline 8 Background 10 Figure 1: Map of Hong Kong 10 Figure 2: Birthplaces of Hong Kong residents, 2001, 2006, 2011, 2016 11 Land Governance and Taxation 11 Economic Conditions and Entrenched Inequality 12 Figure 3: Median monthly domestic household income at LSBG level, 2016 13 Figure 4: Median rent to income ratio at LSBG level, 2016 13 Planning Agencies 14 Housing Policy, Types, and Conditions 15 Figure 5: Occupied quarters by type, 2001, 2006, 2011, 2016 16 Figure 6: Domestic households by housing tenure, 2001, 2006, 2011, 2016 16 Public Housing 17 Figure 7: Change in public rental housing at TPU level, 2001-2016 18 Private Housing 18 Figure 8: Change in private housing at TPU level, 2001-2016 19 Informal Housing 19 Figure 9: Rooftop housing, subdivided housing and cage housing in Hong Kong 20 The Gentrification Debate 20 Methodology 22 Urban Displacement Project: Hong Kong​ | ​1 Quantitative Analysis 22 Data Sources 22 Table 1: List of Data Sources 22 Typologies 23 Table 2: Typologies, 2001-2016 24 Sensitivity Analysis 24 Figures 10 and 11: 75% and 25% Criteria Thresholds vs. 70% and 30% Thresholds 25 Interviews 25 Quantitative Findings 26 Figure 12: Population change at TPU level, 2001-2016 26 Figure 13: Change in low-income households at TPU Level, 2001-2016 27 Typologies 27 Figure 14: Map of Typologies, 2001-2016 28 Table 3: Table of Draft Typologies, 2001-2016 28 Typology Limitations 29 Interview Findings 30 The Gentrification Debate 30 Land Scarcity 31 Figures 15 and 16: Google Earth Images of Wan Chai, Dec.
  • Latest Government Housing Measures (October 2011)

    Latest Government Housing Measures (October 2011)

    Third Quarter Economic Report 2011 Box 3.1 Latest Government housing measures (October 2011) In order to ensure a healthy and stable development of the property market and help low and middle-income families buy their own homes, in the 2011-12 Policy Address the Chief Executive put forward a new policy of resumption of the Home Ownership Scheme, the enhanced My Home Purchase Plan and another package of measures to expand land resources. The major measures are summarised below : (1) New Home Ownership Scheme (HOS) ¾ The new HOS will target households with monthly income below $30,000. ¾ Prices of flats with a saleable floor area of 400-500 square feet will be set with reference to the mortgage repayment ability of eligible households, with mortgage repayment not more than 40% of the household income. ¾ More than 17 000 flats would be provided over four years from 2016-17 onwards, with an annual production of 2 500-6 500 flats. 2 500 flats will be made available in 2016/17, and will be ready for pre-sale in 2014 or 2015. ¾ The Government will set the planning target at 5 000 flats a year on average as more sites become available. Depending on the market conditions, the Government may adjust the number of subsidised flats to be built and sold for the year, or even stop building and selling such flats. ¾ Regarding resale restrictions, within the first five years from the date of purchase, owners may only sell their flats to green form applicants or the Housing Authority (HA). After five years, owners may sell their flats on the open market after paying a premium to the HA.
  • The Chief Executive's 2020 Policy Address

    The Chief Executive's 2020 Policy Address

    The Chief Executive’s 2020 Policy Address Striving Ahead with Renewed Perseverance Contents Paragraph I. ‌Foreword: Striving Ahead 1–3 II. ‌Full Support of the Central Government 4–8 III. ‌Upholding “One Country, Two Systems” 9–29 Staying True to Our Original Aspiration 9–10 Improving the Implementation of “One Country, Two Systems” 11–20 The Chief Executive’s Mission 11–13 Hong Kong National Security Law 14–17 National Flag, National Emblem and National Anthem 18 Oath-taking by Public Officers 19–20 Safeguarding the Rule of Law 21–24 Electoral Arrangements 25 Public Finance 26 Public Sector Reform 27–29 IV. ‌Navigating through the Epidemic 30–35 Staying Vigilant in the Prolonged Fight against the Epidemic 30 Together, We Fight the Virus 31 Support of the Central Government 32 Adopting a Multi-pronged Approach 33–34 Sparing No Effort in Achieving “Zero Infection” 35 Paragraph V. ‌New Impetus to the Economy 36–82 Economic Outlook 36 Development Strategy 37 The Mainland as Our Hinterland 38–40 Consolidating Hong Kong’s Status as an International Financial Centre 41–46 Maintaining Financial Stability and Striving for Development 41–42 Deepening Mutual Access between the Mainland and Hong Kong Financial Markets 43 Promoting Real Estate Investment Trusts in Hong Kong 44 Further Promoting the Development of Private Equity Funds 45 Family Office Business 46 Consolidating Hong Kong’s Status as an International Aviation Hub 47–49 Three-Runway System Development 47 Hong Kong-Zhuhai Airport Co-operation 48 Airport City 49 Developing Hong Kong into
  • Legislative Council Panel on Housing My Home Purchase Plan Purpose

    Legislative Council Panel on Housing My Home Purchase Plan Purpose

    CB(1) 699/11-12(03) Legislative Council Panel on Housing My Home Purchase Plan Purpose This paper briefs Members on the progress of the My Home Purchase Plan (MHPP). The MHPP 2. The 2010/11 Policy Address in October 2010 announced that the Government would, in collaboration with the Hong Kong Housing Society (HKHS), introduce the MHPP which was premised on the concept of “rent-and-buy”. The objective is to help households which have the long-term ability to purchase a flat but do not have enough savings for the down payment to rent a MHPP flat first at the then prevailing market rental and save up for the future home purchase plan. The maximum tenancy period is five years. To allow tenants to save, the rent will not be adjusted during the tenancy period. When the MHPP tenants subsequently purchase a MHPP flat or a flat in the private market, HKHS will grant them a purchase subsidy which is equivalent to half of the net rental paid by the tenants during the tenancy period. 3. The 2011/12 Policy Address in October 2011 announced various enhancement measures to the MHPP. Under the enhancement measures, apart from the proposed “rent-and-buy” mode, a “buy-or-rent” option which allows participants to buy their MHPP flats direct at market price without going through a rental period will also be offered. 4. Another enhancement measure is that those who opt for the “rent-and-buy” mode may purchase MHPP flats within a prescribed period at the “ceiling price” or at the then prevailing market price of the flats, whichever is the lower.
  • Reference List of Housing Estates / Courts / Facilities on the Applicability of the Buildings Ordinance (BO)

    Reference List of Housing Estates / Courts / Facilities on the Applicability of the Buildings Ordinance (BO)

    Reference List of Housing Estates / Courts / Facilities on the Applicability of the Buildings Ordinance (BO) Estate / Court Name BO Applicable Estate / Court Name BO Applicable Estate / Court Name BO Applicable Estate / Court Name BO Applicable Ap Lei Chau Yes Ching Chun Court Yes Choi Tak No Fortune Yes Butterfly Yes Ching Ho No Choi Wan (I) Yes Fu Cheong Yes Chai Wan No Ching Lai Court Yes Choi Wan (II) No Fu Heng Yes Chak On No Ching Nga Court Yes Choi Ying No Fu Keung Court Yes Cheong Shing Court Yes Ching Shing Court Yes Choi Yuen Yes Fu Shan No Cheung Ching No Ching Tai Court Yes Choi Wo Court Yes Fu Shin Yes Cheung Fat Yes Ching Wah Court Yes Chuk Yuen (North) Yes Fu Tai Yes Cheung Hang Yes Ching Wang Court Yes Chuk Yuen (South) Yes Fu Tung Yes Cheung Hong Yes Choi Fai Yes Chun Man Court Yes Fuk Loi No Cheung Kwai No Choi Fook No Chun Shek Yes Fung Chuen Court Yes Cheung Lung Wai No Choi Fung Court Yes Chun Wah Court Yes Fung Lai Court Yes Cheung On Yes Choi Ha Yes Chun Yeung No Fung Shing Court Yes Cheung Sha Wan No Choi Hung No Chung Ming Court Yes Fung Tak Yes Cheung Shan No Choi Hing Court Yes Chung Nga Court Yes Fung Ting Court Yes Cheung Wah Yes Choi Ming Court Yes Chung On Yes Fung Wah Yes Cheung Wang Yes Choi Ming Court (Rental) Yes Easeful Court Yes Fung Wo No Cheung Wo Court Yes Choi Po Court Yes Fai Ming No Grandeur Terrace Yes Preamble 1 All Home Ownership Scheme (HOS) buildings, Tenants Purchase Scheme (TPS) buildings, and 3 Although HA's new PRH projects and existing PRH estates in non-divested lots are exempted divested retail and carparking (RC) facilities together with the public rental housing (PRH) blocks from the BO, the ICU exercises building control on these buildings through administrative situated within the same lease with the divested RC facilities are subject to building control under procedures which are consistent with BD's standards.
  • Public Housing in the Global Cities: Hong Kong and Singapore at the Crossroads

    Public Housing in the Global Cities: Hong Kong and Singapore at the Crossroads

    Preprints (www.preprints.org) | NOT PEER-REVIEWED | Posted: 11 January 2021 doi:10.20944/preprints202101.0201.v1 Public Housing in the Global Cities: Hong Kong and Singapore at the Crossroads Anutosh Das a, b a Post-Graduate Scholar, Department of Urban Planning and Design, The University of Hong Kong (HKU), Hong Kong; E-mail: [email protected] b Faculty Member, Department of Urban & Regional Planning, Rajshahi University of Engineering & Technology (RUET), Bangladesh; E-mail: [email protected] Abstract Affordable Housing, the basic human necessity has now become a critical problem in global cities with direct impacts on people's well-being. While a well-functioning housing market may augment the economic efficiency and productivity of a city, it may trigger housing affordability issues leading crucial economic and political crises side by side if not handled properly. In global cities e.g. Singapore and Hong Kong where affordable housing for all has become one of the greatest concerns of the Government, this issue can be tackled capably by the provision of public housing. In Singapore, nearly 90% of the total population lives in public housing including public rental and subsidized ownership, whereas the figure tally only about 45% in Hong Kong. Hence this study is an effort to scrutinizing the key drivers of success in affordable public housing through following a qualitative case study based research methodological approach to present successful experience and insight from different socio-economic and geo- political context. As a major intervention, this research has clinched that, housing affordability should be backed up by demand-side policies aiming to help occupants and proprietors to grow financial capacity e.g.
  • Hong Kong Government's Policy Address 2020

    Hong Kong Government's Policy Address 2020

    Hong Kong Government’s Policy Address 2020 Key Takeaways primarily relevant to the Real Estate and Infrastructure sector November 25, 2020 Summary Authors/Presenters This year’s Policy Address was delivered today (25th November 2020) amidst the backdrop of a changing and dynamic environment. The Chief Executive (“CE”) has set out a variety of key initiatives to address the city’s land Andrew MacGeoch and housing supply, infrastructure, the environment, Co-Author collaboration with the Greater Bay Area (“GBA”), and HK’s Partner and Regional Practice Group Leader - Real Estate ongoing role as an international financial center. We set Asia out a list of key takeaways below highlighting primarily Hong Kong [email protected] those aspects involving real estate and infrastructure. OPENING This year’s Policy Address was delivered today (25th November 2020) amidst the backdrop of a changing and dynamic environment. The Chief Executive (“CE”) has set out a variety of key initiatives to address the city’s land and housing supply, infrastructure, the environment, collaboration with the Greater Bay Area (“GBA”), and HK’s ongoing role as an international financial center. We set Page 1 of 11 out a list of key takeaways below highlighting primarily those aspects involving real estate and infrastructure. LAND SUPPLY Increasing land supply is a top priority of the Government. Glenn Haley At present, the Government has identified new land supply Co-Author with a total area of 90 hectares along the Northern Link, Partner Hong Kong including the San Tin / Lok Ma Chau Development Node. [email protected] Further initiatives to support the increase of land supply include: Development of Siu Ho Wan Depot Site.
  • Major Achievements of the Third Term Government of the Hong Kong Special Administrative Region

    Major Achievements of the Third Term Government of the Hong Kong Special Administrative Region

    Major Achievements of the Third Term Government of the Hong Kong Special Administrative Region Major Achievements of the Third Term Government of the Hong Kong Special Administrative Region Introduction After assuming office in 2007, the Chief Executive announced a five- year blueprint for the Third Term Government, advocating the concept of “Progressive Development” — promoting economic growth, boosting employment and improving the living environment through infrastructural development; attaching importance to environmental protection and heritage conservation in pursuing further development; and adopting a multi-pronged approach to foster social mobility and reduce cross-generational poverty by improving the livelihood of low- income people and investing heavily in education. Over the past five years, the Third Term Government spared no effort in fulfilling our policy commitments. On people’s livelihood, we rolled out various direct relief measures and long-term initiatives to help families in need and the underprivileged. We fully implemented the statutory minimum wage; extended free education to 12 years, started subsidising pre- school education and introduced small-class teaching; and increased substantially the funding for public healthcare services to enhance their quality. 1 Major Achievements of the Third Term Government of the Hong Kong Special Administrative Region On environmental protection, we strove to reduce the development intensity, conserve Central, beautify the harbourfront and promote the use of clean energy for electricity generation. On economic development, we pressed ahead with large-scale infrastructure projects, made timely responses to the financial tsunami, strengthened the pillar industries, and further enhanced economic co-operation between Hong Kong and the Mainland. We also took action to develop the six industries where Hong Kong enjoys clear advantages to broaden our economic base.
  • 2012 Economic Background and 2013 Prospects

    2012 Economic Background and 2013 Prospects

    CHAPTER 4 : DEVELOPMENTS IN SELECTED SECTORS Summary Amid the low interest rates and a tight demand-supply balance of flats, the residential property market was buoyant in most part of 2012. Market sentiment reached a high in September upon the announcement of further monetary easing measures in the major advanced economies, before showing some cool-off in November after the Government introduced further measures to combat speculation and manage demand from non-local buyers. Overall flat prices surged by a cumulative 25% during the year. Raising flat supply through increasing land supply has been the Government’s top policy priority in ensuring a healthy and stable property market. Much work has also been done in 2012 to manage demand and reduce the possible risks to financial stability arising from an exuberant property market. In the 2013 Policy Address the Chief Executive outlined a number of measures to increase housing and land supply. The commercial and industrial property markets were likewise buoyant. Prices showed hefty gains, along with a rebound in trading activities especially in the latter part of the year. Rentals also recorded solid gains, particularly for shop rentals which were well underpinned by vibrant inbound tourism and ongoing strength in the local consumption market. Inbound tourism continued to record sturdy performance in 2012, with the Mainland market remaining the major growth impetus. Total visitor arrivals surged by another 16.0% to a record high of 48.6 million. The logistics sector was generally subdued, but showed some improvement towards the year-end along with the pick-up in external trade.
  • 香港房屋委員會年度年報 Housing Authority Annual Report

    香港房屋委員會年度年報 Housing Authority Annual Report

    優質家園 為民興建 Building Quality Homes for the Grass-roots Population 碩門邨 Shek Mun Estate 22 Business Review In line with its commitment to contributing to the In 2018/19, the HA completed construction of around “Enhancement of the Housing Ladder”, the Hong Kong 26 800 new flats, including around 20 200 public rental Housing Authority (HA) has been making its best efforts housing (PRH)/Green Form Subsidised Home to build flats to help the Government meet its long-term Ownership Scheme (GSH) flats in 11 projects and housing targets. These flats have included both public around 6 600 other subsidised sale flats (Other SSFs) rental housing (PRH) developments for those who in seven projects. We also completed construction of cannot afford private housing, and subsidised flats around 26 500 square metres of gross floor area for under various schemes to assist buyers in gaining a retail facilities, and around 990 private car and lorry foothold on the housing ladder. In parallel with this parking spaces. activity, the HA has been unflagging in its efforts to achieve “Betterment of Living Quality” in every aspect Over the year, we concurrently worked on developing of its construction activities – in areas as diverse as scheme designs and project budgets for several new sustainability, green living, environmental friendliness, projects. safety and health, accessibility and social inclusivity. This chapter highlights some of our most significant achievements in these respects over the past year. PRH/GSH projects completed in 2018/19: Cheung Sha Wan Wholesale
  • JOCKEY CLUB AGE-FRIENDLY CITY PROJECT Initiated and Funded By

    JOCKEY CLUB AGE-FRIENDLY CITY PROJECT Initiated and Funded By

    Initiated and Funded by: Project Partner: JOCKEY CLUB AGE-FRIENDLY CITY PROJECT BASELINE ASSESSMENT REPORT FOR KWUN TONG DISTRICT (FINALISED VERSION) Initiated and Funded by: The Hong Kong Jockey Club Charities Trust Project Partner: Institute of Active Ageing, The Hong Kong Polytechnic University ACKNOWLEDGEMENT Initiated and funded by The Hong Kong Jockey Club Charities Trust Supported in the research process: Association of Evangelical Free Churches of Hong Kong Evangelical Free Church of China Hing Tin Wendell Memorial Church Alison Lam Elderly Centre Caritas Kwun Tong Elderly Centre Christian Family Services Centre Shun On District Elderly Community Centre Christian Family Services Centre True Light Villa District Elderly Community Centre Chung Sing Benevolent Society Fong Wong Woon Tei Neighbourhood Elderly Centre Chung Sing Benevolent Society Mrs Aw Boon Haw Neighbourhood Elderly Centre Free Methodist Church of Hong Kong Free Methodist Church Tak Tin IVY Club H.K.S.K.H. Home of Loving Care for the Elderly Hong Kong Christian Service Bliss District Elderly Community Centre Hong Kong Christian Mutual Improvement Society Ko Chiu Road Centre of Christ Love for the Aged Hong Kong Christian Service Shun Lee Neighbourhood Elderly Centre Hong Kong Housing Society Hong Kong Lutheran Social Service, Lutheran Church - Hong Kong Synod Sai Cho Wan Lutheran Centre for the Elderly Hong Kong & Macau Lutheran Church Social Service Limited Kei Fuk Elderly Centre Hong Kong Society for the Aged Kai Yip Neighbourhood Centre for the Elderly Jordan Valley Kai-fong Welfare Association Choi Ha Neighbourhood Elderly Centre Kwun Tong Methodist Social Service Lam Tin Neighbourhood Elderly Centre Lam Tin Estate Kai-fong Welfare Association Ltd Lam Tin Estate Kai Fong Welfare Association Ltd.
  • Annex 1 Information on Public Rental Housing Blocks Transferred from The

    Annex 1 Information on Public Rental Housing Blocks Transferred from The

    Annex 1 Information on public rental housing blocks transferred from the Home Ownership Scheme and lifts therein Building No. of Property Authorised Lift Maintenance Estate Block Age Lifts Management PopulationNote 1 Contractor (Year) per Block Company Chung Tai House 18 1 305 Kin Tai House 18 1 354 Ning Tai House 18 1 338 Chevalier (HK) Easy Living Consultant Fu Tai Estate Yan Tai House 18 1 276 4 Limited Ltd. Yat Tai House 18 1 215 Yin Tai House 18 1 218 Ying Tai House 18 1 408 Hoi Ching House 14 1 467 Hoi Chi House 14 1 414 KONE Elevator Hoi Hei House 14 1 447 (HK) Limited Hoi Fai House 14 1 500 Hoi Kin House 14 1 416 SIGMA Elevator Hoi Ming House 14 1 469 Hoi Lai Estate 4 Note 2 (HK) Limited Housing Department Hoi Nga House 14 1 459 Hoi Shun House 14 1 309 thyssenkrupp Hoi Wai House 14 1 436 Elevator (HK) Hoi Wo House 14 1 445 Limited Hoi Yin House 14 1 429 Hoi Shui House 13 995 Ming Chau House 15 2 504 Ming Sing House 15 2 540 Hitachi Elevator Modern Living Ming Wik House 15 2 473 Engineering Kin Ming Estate 6 Note 3 Property Management Ming Yat House 15 2 371 Company (Hong Ltd. Ming Yu House 15 2 478 Kong) Limited Ming Yuet House 15 722 Ko Hang House 16 1 323 Ko Ki House 16 1 336 Otis Elevator Ko Cheung Ko Lun House 16 1 342 4 Company (H.K.) Top One Ltd.