| Journal Call no. | HC411.A76 |
|---|---|
| Author | Law, Siu-lan. |
| Article Title | Facing home truths : market reality trims property plans / Law Siu-lan. |
| Is Part Of | Asiaweek ; v.24, no.8, 27 Feb 1998, p.21, illus. |
| Abstract | The Hong Kong Chief Executive Tung Chee-hwa has pledged to achieve a 70% home-ownership rate in 10 years, by introducing 85,000 new homes a year -- 50,000 from the government, 35,000 from the private sector -- and selling already-built public flats to their tenants at a heavy discount. The article features the resistence from private property developers and even would-be home-buyers of the public flats, encountered by the government in carrying out such pledge. |