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Saturday, Feb 22, 2025
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Pre-Xmas powwow in race to put HOS sales back on track
The Housing Authority will host an extra meeting before the Christmas holiday next week to discuss where the next batch of Home Ownership Scheme flats should come from, sources said.
The meeting will also address the possible tightening of restrictions to sell HOS flats to curb speculation.
The authority has not sold new HOS flats this year, but sources say the next batch of HOS projects - to be made available next year - will cover around 8,800 flats in city areas, including Hong Kong Island.
Some 20,000 HOS units will be commissioned in the coming four years.
Apart from those that have already been sold, such as Shan Lai Court in Fan Ling, Kam Chun Court in Tsz Wan Shan and Kai Cheung Court in Diamond Hill, seven estates remain unsold.
The biggest project among the seven is the 3,300-unit Yu Nga Court in Tung Chung, the construction of which is almost complete.
The other projects will offer 1,800 flats in Kai Tak, 1,900 units on Anderson Road, Kwun Tong, 500 units in To Kwa Wan, 500 units on On Muk Street, Shek Mun, 600 units on Chiu Shun Road, Hang Hau, and a rare Hong Kong Island option with 200 flats on Java Road, North Point.
Sources say the next batch of HOS flats will likely open for sale early next year.
The next meeting for the authority's subsidized housing committee is set for February 14, but sources said it will schedule additional meetings before the Christmas holiday to discuss sales of its next batch of flats.
Meanwhile, the authority found just
3 percent of HOS buyers managed to make full payments for the flats.
Of those opting for mortgages,
84 percent said their down payments came from personal savings and 23 percent said they were sponsored by parents.
The authority has not sold new HOS flats this year, but sources say the next batch of HOS projects - to be made available next year - will cover around 8,800 flats in city areas, including Hong Kong Island.
Some 20,000 HOS units will be commissioned in the coming four years.
Apart from those that have already been sold, such as Shan Lai Court in Fan Ling, Kam Chun Court in Tsz Wan Shan and Kai Cheung Court in Diamond Hill, seven estates remain unsold.
The biggest project among the seven is the 3,300-unit Yu Nga Court in Tung Chung, the construction of which is almost complete.
The other projects will offer 1,800 flats in Kai Tak, 1,900 units on Anderson Road, Kwun Tong, 500 units in To Kwa Wan, 500 units on On Muk Street, Shek Mun, 600 units on Chiu Shun Road, Hang Hau, and a rare Hong Kong Island option with 200 flats on Java Road, North Point.
Sources say the next batch of HOS flats will likely open for sale early next year.
The next meeting for the authority's subsidized housing committee is set for February 14, but sources said it will schedule additional meetings before the Christmas holiday to discuss sales of its next batch of flats.
Meanwhile, the authority found just
3 percent of HOS buyers managed to make full payments for the flats.
Of those opting for mortgages,
84 percent said their down payments came from personal savings and 23 percent said they were sponsored by parents.
