Relief for Mortgage Holders
104. The property market has a vital bearing on our economy and
people's livelihood. Recently we introduced a moratorium on the
sale of Home Ownership Scheme flats. The Chief Secretary for Administration
is now conducting a comprehensive review of our public housing framework.
The objective is to improve efficiency and provide better services
to the public. To ease the burden of home owners, we will propose
to the Legislative Council to raise the tax-deduction ceiling for
housing loan interest to $150,000 per year for this and the next
year of assessment.