Tung tackles housing crunch with vow to boost supply: economic priority goes Kong's Tung Chee Hwa

Article Abstract:

Hong Kong chief executive Tung Chee-hwa is tackling the country's housing problem by vowing to increase the supply of new apartments by almost half and increase home ownership between 1997 and 2007. Analysts maintain that property prices have soared and that Tung Chee-hwa's promise of 70% home ownership and 85,000 units per year is likely to ease prices a bit. Analysts are at odds on the degree by which housing prices will fall but some put the figure between 5% and 20%.

Residential Buildings, Residential Building Construction, Housing Programs, Administration of Housing Programs, Residential construction, Housing policy, Tung Chee-hwa

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Tung to become Hong Kong's chief executive in July '97

Article Abstract:

Tung Chee Hwa, who is a shipping magnate, has been chosen to head Hong Kong after its return to China in 1997 and observers believe that he will be a working administrator who will concentrate more on business than on politics. Tung is believed to be a conservative who has strong pro-China sympathy although he is not expected to change Hong Kong's free enterprise economy. One of his priorities is to make Hong Kong a high-technology center.

Officials and employees, Appointments, resignations and dismissals

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Tung pledges an election

Article Abstract:

Tung Chee Hwa, Hong Kong's future governor after Chinese takeover, vowed to conduct legislative elections by early 1998. He assured the Hong Kong government that the planned provisional legislature will exercise powers only for a year. Tung seeks to establish fair business competition and to preserve civil service integrity. Tung further assured that China will grant Hong Kong a high degree of autonomy as embodied in its Basic Law.

Legislative Bodies, National Legislative Bodies, Political aspects, Elections, Hong Kong-China reunification question

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