Hong Kong Housing Society chairman Ling Kar-kan said on Saturday the move was to meet residents’ strong desire to own their homes.
In a television interview, Ling maintained the change had nothing to do with the agency’s financial soundness, although he agreed putting more flats on sale could help improve cash flow.
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“The overall direction is that we will still supply more rental flats. But in some projects, we may look into adjusting the proportion of for-sale flats. It is mainly to respond to people’s strong desire to own their homes,” he said.
“Roughly, we aim for a 6:4 ratio. But it is not a rigid line; it mainly depends on the situation with each site.”
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The society recently converted a rental estate project on A Kung Ngam Road in Shau Kei Wan into subsidised sale housing, supplying 500 flats.


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