************************************************************
In response to press enquiries, a spokesman for the Transport and Housing Bureau said today (July 23) that the Government has not looked into re-launching the Tenants Purchase Scheme (TPS).
"Public rental housing (PRH) flats, once sold to the tenants, cannot be used for reallocation. This will eventually affect the turnover of PRH flats," the spokesman added.
"Moreover, since the introduction of the TPS, the Housing Authority's estate management policies cannot be fully implemented in the TPS estates. As such, the tenants living in the TPS and PRH estates are subject to different estate management measures, thereby creating problems."
The TPS was launched in 1998. An announcement on the cessation of the TPS was made in 2002. Although the Government is not re-launching the TPS, sitting tenants of the 39 TPS estates can still opt to buy the flats they are residing in. PRH residents interested in home ownership may also buy TPS flats and Home Ownership Scheme flats with premium not yet paid on the secondary market.
Ends/Monday, July 23, 2012
Issued at HKT 17:15
NNNN
