SCMP Saturday, July 1, 2000

Target? What target?


"I set my administration three main targets: to build at least 85,000 flats a year; to achieve a home ownership rate of 70 per cent in 10 years; and to reduce the average waiting time for public rental housing to three years."
Tung Chee-hwa, October 8, 1997

"As a result of this economic re-adjustment, we have had to look again at the key components of the housing sector, namely: public rental housing, Home Ownership Scheme flats; sandwich-class housing and the private residential sector."
Mr Tung, October 7, 1998

"I don't know why this question has been raised again . . . We must have a long-term target. Therefore, we have to maintain our present progress and efficiency in the supply of land."
Financial Secretary Donald Tsang Yam-kuen, September 17, 1999, asked whether the target would be dropped.

"When we talk about 85,000 flats a year, we are talking a long-term target. We should not change it just because of short-term market changes."
Secretary for Housing Dominic Wong Shing-wah, December 29, 1999