Sowk1001

SOWK1001 (Introduction to Social Administration) Term Paper Name: Lo Dick Chung University number: 2007280142 promontory: Discuss the debate evolved around the privatization of the public admit in Hong Kong. Use the issue of The Link to illustrate your discussion. What ar the pros and cons of this plot? A. Introduction The public housing development has a long write up in Hong Kong. According to statistics, more than 50% of the population resides in the public housing estates. Among this, 30% of them are living in rental unites while the other 20% are residing in the H.O.S. flats (Yeung, 2008). By the end of 1990s, a total number of 654, 000 units buzz off been provided to the community at affordable rentals and 308,000 households own their home done different schemes introduced by the Housing Authority (HA) (Poon, 2004). Hong Kong is even the city which owns the second largest number of housing stocks in the Asia Pacific region (HKHA, 2005). Undoubtedly, the housing policy in Hong Kong plays an extremely important utilization in peoples welfare. To cater such a large demand, housing has become a large financial burden to the government.

Therefore, the government has started the privatization of public housing bit by bit since 1970s. For example, the Long Term Housing Strategy suggested in 1987, as well as the ap bloomment of the Private watchfulness Agencies (PMAs) to manage the HOS in 1990 (Poon, 2004). Yet, there is a turning point in 2004. The set up of The Link REIT has triggered a bulky debate in the society. In this essay, the function of public housing for tolerate be firstly defined. Later, the privatization of housing in Hong Kong leave behind be explored. Furthermore, the background of the Link REIT will be introduced and its pros and cons will be comprehensively investigated. B. Housing Policy development in Hong Kong The housing development has changed over time and there are some major policies of housing in Hong... If you want to get a full essay, order it on our website: Ordercustompaper.com

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