Opening of applications for the sale of nearly 9,000 subsidized apartments on February 25

Applications for the sale of apartments under the Home Ownership Scheme will open at 8am on February 25, offering a total of 8,926 apartments in seven new developments.

These are Kei Wah Court in North Point, Kai Yan Court in Kai Tak, Kwun Shan Court in Ma Tau Kok, On Sau Court in Kwun Tong, Chiu Ming Court in Tseung Kwan O, Yu Tak Court in Sha Tin and Yu Nga Court in Tung Chung.

The sale will also include 15 canceled apartments from Choi Wo Court and Shan Lai Court previously put up for sale under the Home Ownership Scheme in 2020.

Hong Kong Housing Society will also offer 27 canceled units in its three Subsidized Sale Flats projects, including 11 from Greenhill Villa in Sha Tin, six from Mount Verdant in Tseung Kwan O and 10 from Terrace Concerto in Tuen Mun.

The provisional average sale prices of new HOS developments and apartments canceled for resale will be 49% off the estimated market value.

The Housing Authority will finalize the discount rate and average sale prices when the salable areas of the new HOS apartments are finalised, tentatively in the first half of 2022.

The Housing Authority and the Housing Society will conduct a joint application exercise, during which eligible applicants may submit a single application and undergo a verification process for the purchase of apartments from the HA or HKHS.

Members of the public can browse the websites of HOS 2022 and White Form Secondary Market Scheme 2022, to view application forms and guides, sales booklets for new HOS developments as well as sales leaflets for canceled HOS apartments and TPS apartments recovered from Friday.

Printed copies can be picked up at the Housing Authority Customer Service Center in Lok Fu, the HA Green Form Subsidized Home Ownership Program Sales Unit Office, Property Offices and HA District Rental Management and HKHS Rental Property Offices starting February 25. The application period will last four weeks.

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