Chairman Ling Kar-kan says society will still supply more rental flats
Hong Kong Housing Society chairman Ling Kar-kan said on Saturday the move was to meet residents’ strong desire to own their homes.
In a television interview, Ling maintained the change had nothing to do with the agency’s financial soundness, although he agreed putting more flats on sale could help improve cash flow.
“The overall direction is that we will still supply more rental flats. But in some projects, we may look into adjusting the proportion of for-sale flats. It is mainly to respond to people’s strong desire to own their homes,” he said.
“Roughly, we aim for a 6:4 ratio. But it is not a rigid line; it mainly depends on the situation with each site.”
The society recently converted a rental estate project on A Kung Ngam Road in Shau Kei Wan into subsidised sale housing, supplying 500 flats.
Source: News - South China Morning Post
