Over 30,000 expected to apply for 4,871 new HOS flats

May 24, 2019 16:50
As of Thursday afternoon, the Housing Authority Customer Service Center had given out 33,000 application forms for a new batch of flats for sale this year under the Home Ownership Scheme. Photo: HKEJ

The Housing Authority (HA) has started distributing application forms for a new batch of flats for sale this year under the Home Ownership Scheme (HOS 2019).

As of 5 p.m. on Thursday, the HA Customer Service Centre had given out about 33,000 copies of the form.

The number is the most since March 2017, when 40,000 copies of the forms were taken for application for HOS flats on the first day they were distributed, the Hong Kong Economic Journal reports.

It was noticed that most of the prospective buyers were young students and seniors.

The HA said 13,000 of the copies distributed on Thursday were Green Forms while the rest were White Forms.

Under HOS 2019, a total of 4,871 flats will be provided in six new estates – Kwun Tak Court in Ho Man Tin, Hoi Tak Court in Cheung Sha Wan, Sheung Man Court in Kwai Chung, Yung Ming Court in Tseung Kwan O, Kam Fai Court in Ma On Shan and Yuk Wo Court in Sha Tin.

Those offered in Kwun Tak Court appeared the most popular based on interviews with applicants.

All of the newly offered HOS flats, with a saleable area between 276 and 568 square feet each, will be sold at a discount of 41 percent off the market prices, or between HK$1.56 million and HK$5.29 million approximately.

For White Form applicants, the household income and asset value limits are set at HK$58,000 and HK$2.01 million, respectively. The limits are halved for one-person applicants.

Green Form applicants are mostly those living in public rental housing.

Eligible White Form and Green Form applicants may submit applications from May 30 to June 12. Balloting for this round of HOS flats will take place in August.

Louis Chan Wing-kit, Centaline Property vice chairman for Asia-Pacific, expects at least 300,000 applicants, considering that more than 270,000 were seen in the last batch of applications for HOS flats last year, noting that the housing market has turned hot again recently.

Applicants find the new batch of HOS flats attractive to a certain extent as the supply of flats is big and the developments are located in urban areas, Chan said.

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