Housing Authority to open application for subsidised flats

The application will run from 31 July at 8 am to 14 August at 7 pm.

The Hong Kong Housing Authority will open the application for subsidised flats under the Sale of Home Ownership Scheme (HOS) Flats 2023 and the White Form Secondary Market Scheme (WSM) 2023 for two weeks from 31 July unit 14 August.

Under the HOS, a total of 9,154 flats are for sale in six new developments namely Kai Yuet Court in Kai Tak, On Ying Court, On Lai Court and On Wah Court in Kwun Tong, Siu Tsui Court in Tuen Mun and Long Tin Court in Yuen Long, the government said in a statement.

Around 50 rescinded flats from Kam Chun Court (in Ma On Shan) and Kai Cheung Court (in Diamond Hill), Yu Nga Court (in Tung Chung), and Yu Tak Court (in Sha Tin) are for resale.

The Subsidised Housing Committee (SHC) of the Housing Authority endorsed regularising the sale of recovered tenants purchase scheme (TPS) flats for Green Form applicants only, with the new batch for sale under HOS this year.

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The average selling price for flats under HOS is 38% less than the assessed market value. For Green Form applicants seeking to buy recovered TPS flats, the existing pricing mechanism for sitting tenants buying TPS flats will be used.

The government said the list of prices of unsolved TOPSS flats in 39 estates ranges from about $140,000 to $1.23m, with discounts ranging from 82% to 86% of the assessed market values. The final price range will depend on the flat.

Meanwhile, the SHC also decided the 4,500 quotas for sale under WSM, with the allocation ratio for family and one-person applicants retained at 9:1.

The application fee for HOS only will be $270, for WSM only $230, and for both will be $500.