Hongkongers to enjoy 30% discount in subsidised flat sale later this year: source
- Insider says applications for 7,132 new subsidised homes to open in fourth quarter, with prices as low as HK$1.43 million
Applications for more than 7,000 subsidised flats in Hong Kong will open in the fourth quarter this year and eligible residents, including families with newborns, will enjoy a 30 per cent discount on market prices if successful, the Post has learned.
An insider said on Monday that the Housing Authority would offer 7,132 new subsidised flats this year under the Home Ownership Scheme, with prices ranging from HK$1.43 million (US$183,400) to HK$4.67 million.
Applications would cover five sites – in Kowloon’s Kwun Tong, Kai Tak and Yau Tong, as well as Tuen Mun in the New Territories and Tung Chung on Lantau Island, the source added.
However, the discount is smaller than last year’s offering, which was 38 per cent off market prices for 9,154 subsidised flats across six sites in Kai Tak, Kwun Tong, Tuen Mun and Yuen Long.
In the coming sale, the Tuen Mun site offering 2,768 flats would account for the largest proportion of the supply, followed by the Kai Tak one with 1,736 homes, the insider said.