For example, in 2015, the founder of Henderson Land, "Fourth Uncle" Lee Shau Kee proposed to rebuild Tai Hang Sai Village, which is owned by a civilian house and more than 50 years old, into a "diligent youth entrepreneurial residence", with a total of 5,000 units, each with a construction area of about 300 square feet , the price is about 1 million yuan, for young professionals to apply, the applicant can be exempted from the first installment, 10 years of fixed interest installments, the monthly payment at 3% interest is only about 9,600 yuan, and the monthly payment for 20 years is about 5,500 yuan. It is also proposed to lend the Ngau Tam Mei site to build 1,208 transitional housing units. The project is expected to be occupied by the end of 2023, with an estimated population of about 2,772. However, the market has not seen any further response from the government. As for Henderson, there was no further news when this article was published.
Ho said that the organization does not want to compare the proposals of other developers, and believes that different schemes have different benefits and target groups. Under the current urgent housing needs of the public, as long as it can reduce the burden of buying homes for the public, each scheme can are worth considering.
