HA Urged To Review Subsidised Housing Prices
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2018-03-31 HKT 14:08
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The Housing Authority has been urged to look at the way it's setting prices for a home ownership scheme that's targeting public housing tenants, saying the units are still too expensive.
Democratic Party lawmaker Andrew Wan said the pricing of the units under the "Green Form Subsidised Home Ownership Pilot Scheme" is 60 percent of the current market price – but that's still out of many people’s reach.
Chua Hoi-wai, a member of the Authority's subsidised housing committee, agreed that it's time to review the plan because officials couldn't have predicted the surge in home prices in recent years.
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