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Following is a transcript of remarks by the Secretary for Transport and Housing, Professor Anthony Cheung Bing-leung, at a media session after his visit to the show flat of Greenview Villa, a subsidised housing project by the Hong Kong Housing Society, this afternoon (December 21):
Reporter: (About pricing of Greenview Villa.)
Secretary for Transport and Housing: Well, this project, Greenview Villa, is targeted at people who are earning a monthly income of up to $40,000. Of course this is the sector that the Government considers to be in need of government assistance of some kind. I understand that the price of this project is already a 30 per cent discount of the full value. So, in a way it is similar to the Home Ownership Scheme. Of course, we cannot just look at the face value of the price because the Housing Society this time is expressing the price in terms of usable space. For other sales projects now in the market, maybe sometimes they use different ways of presenting the prices. Of course, once the new legislation on first-hand sale of residential properties comes into effect at the end of April, we expect a consistent and transparent way of presenting price information.
(Please also refer to the Chinese portion of the transcript.)
Ends/Friday, December 21, 2012
Issued at HKT 19:40
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