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Hong Kong curbs role as landlord

Series: Financial Times ; 5 September 2001, 9(2)Publication details: 2001Subject(s): Summary: Hong Kong provides public housing for almost half the population. Its government has decided to freeze the sale of flats in its Home Ownership Scheme until June 2002, in order to re-examine the eligibility criteria for the scheme,and the difference between supplying subsidised flats or interest free loans to allow families to buy property on the private market. The move is an attempt tohelp the local economy by boosting the property sector, but critics argue the government is bowing to pressure from property developers. Graphs.
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News article London News article 1 Available 114462-1001

Hong Kong provides public housing for almost half the population. Its government has decided to freeze the sale of flats in its Home Ownership Scheme until June 2002, in order to re-examine the eligibility criteria for the scheme,and the difference between supplying subsidised flats or interest free loans to allow families to buy property on the private market. The move is an attempt tohelp the local economy by boosting the property sector, but critics argue the government is bowing to pressure from property developers. Graphs.