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Hong Kong Housing Society Annual Report 2016
92
Corporate Sustainability
企業持續發展
projects within the committed schedule and budget. As the Housing
Society operates on a self-financing principle, we have put in place a
process to closely monitor the financial performance of our securities
investments under the established investment framework and to
ensure sufficient cash flow for the projects in the development
pipeline. Mitigating measures are also defined and monitored regularly
to address the operational risks related to other business processes,
including information technology, human resources, corporate
communications and corporate services.
Property Sales
With the increased supply in private sector residential flats on the
market and the uncertain economic outlook, the Housing Society sees
mounting pricing pressure on disposing of the Subsidised Sale Flats
(SSF) projects in the development pipeline. As we expect most of these
SSF projects will barely attain financial breakeven, given their small
scale or development constraints, we are very cautious on cost and
have implemented measures to ensure these projects are designed
and constructed efficiently. We will also closely monitor the
construction progress, quality and safety standards of these projects in
order to meet our stakeholders’ expectations.
Property Leasing and Management
One major challenge in the coming year will be to improve the take-up
rate of The Tanner Hill. The lower-than-expected initial take-up rate
prompted the Management to work out a new leasing proposal to
market the remaining elderly flats. We will ensure The Tanner Hill is in
full operation in the later part of the year so as to deliver a high quality
service that meets customers’ expectations. In the longer term, we
need to build up a viable and sustainable operational model for the
elderly care services provided at The Tanner Hill.
Redevelopment of our Rental Estates
Our long-term commitment to the redevelopment of our rental estates
is causing a heavy drain on our financial reserve. The Management
will therefore continue to explore ways to enhance the viability of the
estate redevelopment model in order to maintain our long-term
financial sustainability.
Risk assessment and monitoring have been embedded in the
management process of the Housing Society and is an on-going
process. The Housing Society is committed to operating and
continuously enhancing our ERM framework.
房協以自負盈虧的模式營運，我們已有既
定的程序密切監察投資框架下的證券投資
表現，並確保有充足的現金流應付發展中
的項目。我們已制訂降低風險的措施，
並定期監察，以處理與資訊科技、人力
資源、企業傳訊及企業服務等相關的營運
風險。
物業銷售
隨著市場上的私人住宅單位供應增加，加
上不明朗的經濟前景，房協在出售發展中
的資助出售房屋項目時，所面對的訂價壓
力愈來愈大。由於資助出售房屋項目的規
模不大或存在發展限制，預計大部分項目
均只能達致收支平衡，因此我們必須格外
審慎控制成本，並採取措施確保項目的設
計及建築更具成效。我們亦密切監察項目
的工程進度、質素及安全標準，以符合持
份者的期望。
物業出租及管理
提高「雋悅」的入住率是未來一年的重大
挑戰。由於初步的入住率低於預期，促使
管理層構思新的租住方案以推銷餘下的
長者單位。我們須確保「雋悅」於下半年全
面投入營運，為住戶提供切合他們期望的
優質服務。長遠而言，我們必須為「雋悅」
的長者照護服務建立持續而可行的營運
模式。
重建出租屋邨
我們為重建出租屋邨所作出的長遠承擔，
將耗用大量的財政儲備。因此，管理層
將繼續研究提升屋邨重建模式的可行性，
從而維持財務上的長遠持續發展。
風險評估及監控已融入房協的日常管理
當中，成為恆常程序。房協將致力執行及
不斷改善其「企業風險管理」架構。