Tai Hang Sai Estate is a private housing estate

Private housing estate

A private housing estate is a term in Hong Kong that refers to a housing estate developed by a private developer, as opposed to a public housing estate built by the Hong Kong Housing Authority or the Hong Kong Housing Society. It usually is characterised with a cluster of high-rise buildings,...

 in Shek Kip Mei

Shek Kip Mei

Shek Kip Mei, originally known as Kap Shek Mi, is an area in New Kowloon, the North Eastern Kowloon Peninsula of Hong Kong.-History:A major fire on 25 December 1953, destroyed the Shek Kip Mei shantytown of immigrants from Mainland China that had fled to Hong Kong, leaving 53,000 people...

, Kowloon

Kowloon

Kowloon is an urban area in Hong Kong comprising the Kowloon Peninsula and New Kowloon. It is bordered by the Lei Yue Mun strait in the east, Mei Foo Sun Chuen and Stonecutter's Island in the west, Tate's Cairn and Lion Rock in the north, and Victoria Harbour in the south. It had a population of...

, Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

. It is located between Shek Kip Mei Estate

Shek Kip Mei Estate

Shek Kip Mei Estate is the first public housing estate in Hong Kong. It is located in Sham Shui Po and is under the management of the Hong Kong Housing Authority...

 and Tai Hang Tung Estate

Tai Hang Tung Estate

Tai Hang Tung Estate is a public housing estate in Shek Kip Mei, Sham Shui Po, Kowloon, Hong Kong, located near Tai Hang Sai Estate and Nam Shan Estate....

, near MTR

MTR

Mass Transit Railway is the rapid transit railway system in Hong Kong. Originally opened in 1979, the system now includes 211.6 km of rail with 155 stations, including 86 railway stations and 69 light rail stops...

 Shek Kip Mei Station. It consists of 8 residential buildings which were built in 1965 and 1977 respectively. Although it is a rental housing, like other public housing estates

Public housing in Hong Kong

Public housing in Hong Kong is a set of mass housing programmes through which the Government of Hong Kong provides affordable housing for lower-income residents. It is a major component of housing in Hong Kong, with nearly half of the population now residing in some form of public housing...

, it was built and managed by neither Hong Kong Housing Authority

Hong Kong Housing Authority

The Hong Kong Housing Authority is the main provider of public housing in Hong Kong. It was established in 1973 under the Housing Ordinance and is an agency of the Government of Hong Kong...

 nor Hong Kong Housing Society

Hong Kong Housing Society

The Hong Kong Housing Society or Housing Society for short, is the second largest public housing provider in Hong Kong . The HKHS is a non-governmental organization and non profit organization that was founded in 1948 by "members coming from all walks of life" with a donation of £14,000...

. Instead, it was developed by a privately-owned company.

History

In 1961, the British Hong Kong

British Hong Kong

British Hong Kong refers to Hong Kong as a Crown colony and later, a British dependent territory under British administration from 1841 to 1997.- Colonial establishment :...

 Government granted a piece of land

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 at concessionary premium

Premium

Premium may refer to:* Premium , a promotional item that can be received for a small fee when redeeming proofs of purchase that come with or on retail products....

 to the Hong Kong Settlers Housing Corporation Limited , founded in 1952 by Dr Lee Iu Cheung

Lee Iu-cheung

Dr. Lee Iu Cheung J.P., M.B.E., O.B.E., C.B.E was a businessman and former educator in Hong Kong, and a prominent philanthropist. In addition to his 29 years' service on the board of the Tung Wah Group of Hospitals, he is best known as the creator of the Dragon Garden.-Biography:Born in Hong Kong...

 and others, to build and then manage the present Tai Hang Sai Estate in order to rehouse tenants affected by clearance of the then Tai Hang Sai Resettlement Area.

In 1965, the Corporation constructed seven buildings with a total of 1603 flats and let them out at rents below market levels to tenants on low income

Income

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings...

s. This was the only instance in Hong Kong that Government granted land to a private company to build rental housing.

In 1977, just after the opening of Shek Kip Mei Station, the eighth building, Man Tai House, was completed.