The government published a report on the Review of the Institutional Framework for Public Housing.
The Housing, Planning and Lands Bureau was formed to oversee Hong Kong's overall housing policy.
The former Housing Bureau and the Housing Department were merged.
The Secretary for Housing, Planning and Lands made a statement on the reposition of the government's housing policy, which sets out to maintain a stable environment for the sustainable and healthy development of the private property market, as well as to provide subsidised public housing for people who cannot afford private rental housing.
In line with the repositioned housing policy, the HA announced that it would cease the production and sale of HOS and PSPS flats from 2003 onwards, and to terminate the TPS after the launch of the Phase 6 sale.