2023-04-25 20:30:42
The demand for housing in Hong Kong is strong, and there is new news regarding the new HOS that many grassroots families hope to “get into the car”. It is reported that the Housing Authority will sell 6 new HOS estates this year, with a total of 9,154 units sold, of which more than 80% are located in urban areas, which is rare in recent years. The Housing Authority recommends a 62% discount for the current HOS. The property price ranges from 1.49 million to 4.94 million yuan, and the average square foot price is regarding 6,280 to 9,390 yuan. Applications will be accepted in the middle of this year at the earliest. In addition, in response to the earlier dismemberment case that revealed that someone who owns a luxury house can still purchase a HOS flat with a green form, the Housing Authority also proposed to change the eligibility criteria so that the green form holders, like the white form, are not allowed to own subsidized housing in Hong Kong property.
According to sources, the Housing Authority will sell 6 new HOS estates this year, involving 9,154 new HOS units. There are 3 housing estates located in Kwun Tong District, including On Ying Court and On Hua Court on On Hei Street, and On Li Court on On Yu Road; there is also Kai Yue Court on Mu Wo Street, Kai Tak in Kowloon. The other two housing estates are located in the New Territories, namely Siu Chui Court in Tuen Mun and Long Tin Court in Yuen Long.
Long Tian Court has the largest number of units, with a total of 3,080 units; Siu Chui Court has the smallest scale, with only 518 units. The smallest units in this phase are in Kaiyue Court and On Lai Court, with the smallest usable area of only 278 square feet; the largest unit is in Siu Chui Court, with a size of 518 square feet.
The Housing Authority recommends that the current phase be priced at a 62% discount to the market price. The unit price ranges from 1.49 million to 4.94 million yuan, and the average sq. Long Tian Court has the lowest average price per square foot. The flattest unit in Langtian Court sells for 1.49 million yuan. If the green form buyers pay the minimum 5% down payment, they can “get in the car” for only 74,500 yuan. As for the price of 4.94 million yuan, the current “House King” unit is located in Kaiyue Court, and the green form buyer needs to pay regarding 247,000 yuan for the down payment.
According to sources, the discount rate of the newly launched HOS flats is lower than that of the previous phase of “HoS 2022” with a 51% discount, mainly due to the overall price drop of private residential properties. It is understood that the Housing Authority also recommends maintaining the ratio of green and white forms at 4 to 6, and continue to reserve regarding 30% of the units for family applicants under the “Family with Elderly Priority Flat Selection Scheme”, and reserve another 900 units for one-person applicants . As for the household income and asset limits of the current HOS White Form, it is proposed to be 62,000 yuan and 1.47 million yuan respectively, and the single person will be halved. Both limits are lower than last year.
In the fourth season, the bead will be selected in the first quarter of next year.
The 6 housing estates of the new phase of HOS will accept applications as soon as the middle of this year, and the application fee is 270 yuan. It will not wait until the end of March 2026, that is, the period for the sale of HOS flats in this phase is up to 3 years. The HA also put up for sale 39 units that were repossessed due to the cancellation of the sale and purchase agreement.
The Director-General of the Public Housing Federation, Zhao Guowei, said in an interview with this newspaper that the number of units provided by the HOS this time can be said to be the largest since the resale of HOS, and he is happy to see that there are no nano-units with only a few hundred square feet . However, the price of HOS flats has always been at a significant discount to the market price, so he believes that the sales of HOS flats will continue to be popular this time.
It is planned to tighten the green form to buy HOS and not own property within 2 years
In addition, the dismembered body case of Cai Tianfeng that caused a sensation in Hong Kong earlier, one of the defendants in the case, the former family member of the deceased, Kwong Qiu, was revealed to have purchased a HOS flat with a green form qualification. The mansion on the mountain caused an uproar from the outside world. It is understood that the Housing Authority proposes to change the eligibility criteria. When green form applicants purchase subsidized housing, the restrictions on owning residential properties in Hong Kong will be the same as those of white form applicants, that is, from 24 months before the deadline for public housing tenants to submit their forms to purchase Units are not allowed to own residential properties in Hong Kong. Holders of the Housing Authority’s “Regular Temporary Residence Permit” are no longer able to purchase subsidized housing as a green form. Zhao Guowei believes that many opinions in the society believe that it is inappropriate for green form holders to still be able to buy HOS if they own a property, so the authorities tightened the qualifications to respond to the opinions of the society.
Originally published on AM730 https://www.am730.com.hk/Local/9,154 units of HOS for sale this year-application in the middle of the year-32% off pricing-the lowest price of 1.49 million-the first phase of 74,500/373445?utm_source=yahoorss&utm_medium=referral
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