Guiding Principle and Objectives of Housing Policy

57.         Some people believe home ownership is not the only way for meeting accommodation needs: it can be met just as well by rented flats. But I believe that home ownership by the middle class is crucial to social stability. The Government is therefore determined to uphold the principle of assisting grassroots families in moving into public housing and the middle-income families in buying their own homes.

58.         Our policy objectives for housing are to (i) assist grassroots families to secure public housing to meet their basic housing needs; (ii) assist the public to choose accommodation according to their affordability and personal circumstances, and encourage those who can afford it to buy their own homes; (iii) provide subsidised home ownership flats on top of PRH so as to build a progressive housing ladder; and (iv) maintain the healthy and steady development of the private property market, with priority to be given to meet Hong Kong permanent residents' needs.

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