![]() Under the scheme, private developers can build flats on government sites or on their own rezoned land, but the units have to be sold at 65 percent of market rate. Ho stressed there will be regular inspections to ensure the quality of these projects, adding that she doesn’t think developers will risk their reputation by building low-quality apartments. “I can't see how developers would make big investments and sacrifice quality to a point where they wouldn't be able to sell or profit from it,” she told an RTHK programme. The housing chief said private developers are generally positive about the scheme, even though they need more time to look into the terms and conditions before deciding whether or not to sign up for it.Īuthorities will start accepting tenders for two government-owned sites under the scheme early next year, which aims to provide 1,600 subsidised homes in Tung Chung and 700 in Chai Wan. ![]()
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