
Our Response to the 2021-22 Budget on Land and Housing Policy

Our Response to the 2021-22 Budget on Land and Housing Policy
Our Hong Kong Foundation (OHKF) released “Our response to the 2021-22 Budget on Land and Housing Policy”. Three main recommendations were put forward in the hope that the Budget could reboot the epidemic-stricken economy and bring long-term investment to the society. The three respective recommendations are investing in infrastructure, re-launching the “Tenants Purchase Scheme 2.0”(“TPS 2.0”) and streamlining development procedures for public housing projects.
In support of the TPS2.0 advocacy, OHKF also released the results of a telephone survey on Hong Kong residents' attitude towards a“Universal affordable housing” proposal and a TPS 2.0 proposal. The survey found that more than 80% respondents agreed to implement "Universal affordable housing” which proposes to allow most people to buy a public housing unit at an affordable price. It also found that more than 70% respondents agreed to relaunch TPS 2.0 which proposed to allow public housing tenants to buy their own units at 20-50% of the market price. It was also found that not only almost 90% public housing tenants agreed to relaunch TPS 2.0, indeed even among private housing occupants, nearly 70% also agreed to the proposal. The claim of the so-called “red-eye syndrome”from private housing occupants therefore does not stand. The survey was conducted by Lingnan University’s Public Governance Programme. Random sample telephone surveys were conducted between 28 October and 2 November 2020. 1,552 Hong Kong residents aged 18 or above were successfully interviewed. The OHKF survey suggests that consensus opinion generally supports the government to re-launch TPS 2.0. OHKF hopes that the government will seriously consider TPS 2.0, which has been a major advocacy from the OHKF.

Our Hong Kong Foundation (OHKF) released “Our response to the 2021-22 Budget on Land and Housing Policy”. Three main recommendations were put forward in the hope that the Budget could reboot the epidemic-stricken economy and bring long-term investment to the society. The three respective recommendations are investing in infrastructure, re-launching the “Tenants Purchase Scheme 2.0”(“TPS 2.0”) and streamlining development procedures for public housing projects.
In support of the TPS2.0 advocacy, OHKF also released the results of a telephone survey on Hong Kong residents' attitude towards a“Universal affordable housing” proposal and a TPS 2.0 proposal. The survey found that more than 80% respondents agreed to implement "Universal affordable housing” which proposes to allow most people to buy a public housing unit at an affordable price. It also found that more than 70% respondents agreed to relaunch TPS 2.0 which proposed to allow public housing tenants to buy their own units at 20-50% of the market price. It was also found that not only almost 90% public housing tenants agreed to relaunch TPS 2.0, indeed even among private housing occupants, nearly 70% also agreed to the proposal. The claim of the so-called “red-eye syndrome”from private housing occupants therefore does not stand. The survey was conducted by Lingnan University’s Public Governance Programme. Random sample telephone surveys were conducted between 28 October and 2 November 2020. 1,552 Hong Kong residents aged 18 or above were successfully interviewed. The OHKF survey suggests that consensus opinion generally supports the government to re-launch TPS 2.0. OHKF hopes that the government will seriously consider TPS 2.0, which has been a major advocacy from the OHKF.








