Sale of Subsidised Flats

Since 1978, more than 433 000⁴ subsidised sale flats have been sold to households of eligible families/persons at discounted prices under the Government's various subsidised home ownership schemes such as the Home Ownership Scheme/Private Sector Participation Scheme and the Tenants Purchase Scheme under the HKHA. In support of the Government's efforts to consolidate its housing policies and to minimise intervention in the property market, the HKHA decided to halt the Tenants Purchase Scheme following the sale of Phase 6, and cease the production and sale of the home ownership and private sector participation scheme flats indefinitely from 2003 onwards. All unsold and returned flats under the two schemes will not be sold as subsidised housing before the end of 2006.

4	Including flats sold by the HKHS. Of the 433 000 flats sold since 1978, 54 600 flats can be traded in the open market as at end December 2005. These flats are not counted as subsidised sale flats under the current definition.