Following is the transcript of the media session by the Chief Executive, Mr Tung Chee Hwa, after visiting districts on Hong Kong Island this afternoon:

Question: ...Provisional Legco is being challenged in the Court, Immigration Amendment is being challenged...after a few weeks in the job, do you find it tough at the top?

Mr Tung: You know Hong Kong is a society of the rule of law but it's also a society when everybody can speak up, that is our strength. These are the issues being challenged and the court will decide what is right and I am very confident that we'll win these cases. These are the things I expect fully that will happen and I also expect to win. I am very relaxed here.

Question: How long do younger residents have to wait before they could have their own homes?

Mr Tung: Well, I have said that my aim is to have 70 per cent of Hong Kong's population has home ownership in 10 years' time. I know this is a very ambitious objective but my colleagues in the Government and I are very determined to get there. I have every reason to believe to get there.

Question: Do you say you are optimistic to meet the target?

Mr Tung: Yes, it's going to take a lot of work, but we'll get there.

Question: (inaudible)

Mr Tung: I don't know whether you are aware of this. When the Bill of Rights was passed in Hong Kong several years ago there were also some challenges in court. We are a community very much of rule of law so these challenges are natural, expected. We would do what the court eventually decides. You know we are place of rule of law. Am I surprised? No, I am not surprised. Am I confident? I am very confident. We'll win these cases. Would they rock the foundation of confidence? No, it wouldn't.