Public housing tenants can apply to buy more than 2,500 subsidised flats in Hong Kong in the third quarter of this year, with the homes to go for 60 per cent of the market price, the Post has learned.
An insider said on Thursday that the Housing Authority would offer 2,576 new subsidised flats at a site in Kowloon this year under the Green Form Subsidised Home Ownership Scheme, which focuses on residents living in public housing estates.
Prices would range from HK$1.15 million (US$146,500) to HK$3.49 million, while the applications would cover one new site located on Kowloon Bay’s Wang Chiu Road, the source added.
The Post also learned that the size of the flats would range from 193 to 466 sq ft, with the homes expected to be completed by this year.
Under the Green Form Subsidised Home Ownership Scheme, only public rental housing tenants can apply to buy subsidised flats.
Authorities will reserve 40 per cent of the flats for ballots from households with elderly members or newborns. Such tenants will also be given priority when it comes to selecting their new homes.
