ECONOMICS
PROPERTY RIGHTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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(1) and (2) only
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(1) and (3) only
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(2) and (3) only
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(1), (2) and (3)
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Detailed explanation-1: -The Home Ownership Scheme (HOS) is a government subsidized sale of public housing flats managed by the Hong Kong Housing Authority (HA) to eligible public housing tenants and to low income residents at a price below the market value of the flats.
Detailed explanation-2: -Public Rental Housing for the Needy It is the Government’s housing policy to provide public rental housing (PRH) to low-income families who cannot afford private rental accommodation. Check out the eligibility criteria and application procedures for PRH of the Hong Kong Housing Authority.
Detailed explanation-3: -In general, public housing is meant for low-income earners, retirees, and those unable to work owing to disability. The Housing Authority’s online Eligibility Checker offers a guide to eligibility and streams applicants into different schemes, the main ones being for families and the elderly.