What is reasonable is both objective and subjective as it depends on condition of the flat, location and a potential buyer's ability to pay the monthly mortgage payment. Many tenants are willing to have an independent party value the property to determine price. Tenants accept that they will also have to pay a monthly management fee, plus quarterly land rent and rates. They factor these payments into their overall assessment of affordability. The most important motivation to buy is the fear that the Government will increase public housing rental in the future.
Tenants have a strong desire to stabilize cost for accommodation.
Very few tenants mentioned as their motivation that they want to make an investment, although many expect to be able to resell as an owner. Tenants are concerned about future management of the estates once all or part have been sold. Explain scheme clearly in context of the Government's overall housing strategy. A majority of the tenants believe that the Government wants to sell public rental flats in order to shift increasingly expensive maintenance costs of the estates to the tenants. There is also an impression among many that the Government might pressure tenants to buy their flats.