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| Topic: |
Social Issues
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| Number of pages / Number of words: |
10 / 2621 |
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About 20% of Hong Kong citizens live in these estates like Tin Chung Court in Tin Shui Wai and Tung Tao Court in Shau Kei Wan. This scheme was launched since 1970’s and it enables the middle-low class to own their own flat. Nevertheless, as the price of private housing units dropped rapidly in 2003, the government abolished this scheme in 2003...
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In addition, the government also set up a tenant purchase scheme in 1998 to make more citizens to have their own flat. Similar to the HOS, this scheme stopped in 2005. Although the government does not sell low-priced flats anymore, she still takes the responsibility of providing accommodation to the poor by renting out inexpensive units...
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