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Diversity and Occasional AnarchyOn Deep Economic and Social Contradictions in Hong Kong$
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Yue Chim Richard Wong

Print publication date: 2013

Print ISBN-13: 9789888139446

Published to Hong Kong Scholarship Online: January 2014

DOI: 10.5790/hongkong/9789888139446.001.0001

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Why Reforming Subsidized Housing Makes Sense

Why Reforming Subsidized Housing Makes Sense

Chapter:
(p.209) 22 Why Reforming Subsidized Housing Makes Sense
Source:
Diversity and Occasional Anarchy
Author(s):

Yue Chim Richard Wong

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789888139446.003.0022

The author primarily explains the context and reasons for his proposal from the previous chapter. He believes that the proposed policy change would be conducive to alleviating a portion of the deep contradictions in our community between the haves and the have-nots. The author also speaks of two more initiatives which the government has to take into account, and the first one is to identify more suitable Tenants Purchase Scheme (TPS) units for sale in stages to sitting tenants in an attempt to facilitate upward mobility of the have-nots. Secondly, some future public housing estates should contain a clause which offers sitting tenants the option of purchasing the unit at a predetermined price after a certain period.

Keywords:   Tenants Purchase Scheme, Upward mobility, Sitting tenants, Deep contradictions, Policies, Hong Kong, China, Economy

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