HK to sell 4,000 surplus affordable housing flats
HK to sell 4,000 surplus affordable housing flats
09:15, May 18, 2010

Email | Print | Subscribe | Comments | Forum 
The Housing Authority of Hong Kong will put 4,000 surplus affordable housing flats on sale in June through its Home Ownership Scheme (HOS), at prices ranging from 302,000 HK dollars to 3.28 million HK dollars, the authority announced on Monday.
The flats comprise the remaining stock of surplus HOS flats and those leftover from a special sale exercise which will be completed next month. A 30 percent discount has been applied to the assessed market values.
The income limit for family applicants will be 27,000 HK dollars per month and the asset limit will be 530,000 HK dollars, while those for one-person applicants will be set at 13,500 HK dollars and 265,000 HK dollars.
Applications for buying these surplus HOS flats will be invited in June. Flat selection by successful applicants will start in August.
The Housing Authority also announced on Monday it will continue to allocate the biggest share of the planned public rental housing (PRH) flat supply, at 70.5 percent of the year's provision, to Waiting List (WL) applicants in 2010/11.
A total of 31,100 PRH flats will be provided for eligible families, among which 21,930 flats will go to WL applicants. The target of the PRH project is to maintain the average waiting time at around three years for ordinary WL applicants. (1 U.S. dollar = 7.75 HK dollars)
Source: Xinhua
The flats comprise the remaining stock of surplus HOS flats and those leftover from a special sale exercise which will be completed next month. A 30 percent discount has been applied to the assessed market values.
The income limit for family applicants will be 27,000 HK dollars per month and the asset limit will be 530,000 HK dollars, while those for one-person applicants will be set at 13,500 HK dollars and 265,000 HK dollars.
Applications for buying these surplus HOS flats will be invited in June. Flat selection by successful applicants will start in August.
The Housing Authority also announced on Monday it will continue to allocate the biggest share of the planned public rental housing (PRH) flat supply, at 70.5 percent of the year's provision, to Waiting List (WL) applicants in 2010/11.
A total of 31,100 PRH flats will be provided for eligible families, among which 21,930 flats will go to WL applicants. The target of the PRH project is to maintain the average waiting time at around three years for ordinary WL applicants. (1 U.S. dollar = 7.75 HK dollars)
Source: Xinhua
(Editor:赵晨雁)

Related Reading

Special Coverage
Major headlines
Tibet poised to embrace even brighter future, 60 years after peaceful liberation
Chinese official calls for more language, culture exchanges with foreign countries
Senior Chinese leader calls for efforts to develop new energy
Central gov't delegation arrives in Lhasa for Tibet Peaceful Liberation Celebrations
China Southern Airlines sends charter flight carrying peacekeepers to Liberia
Editor's Pick


Hot Forum Discussion