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Sale of Subsidised Flats
Since 1978, more than 443 8004 subsidised sale flats have been sold to
households of eligible families/persons at discounted prices under the Government's
various subsidised home ownership schemes. Among these were the Home
Ownership Scheme (HOS)/the Private Sector Participation Scheme (PSPS) and the
Tenants Purchase Scheme (TPS) under the HKHA. To support Government efforts to
consolidate its housing policies and to minimise intervention in the property market,
the HKHA halted the TPS following the sale of Phase 6, ceased the production and
sale of HOS flats from 2003 onwards and terminated the PSPS. All unsold and
returned HOS flats would not be sold as subsidised housing flats before the end of
2006. However, to address the situation of surplus HOS flats remaining in its
possession, the decision was made in early 2006 to sell 16 600 surplus HOS flats in
phases to eligible applicants. Two sale phases, comprising about 2 000 to 3 000 flats
each, were earmarked for each of the three years from 2007 to 2009. This
arrangement prevents the launching of a large number of flats in one batch and
minimises any impact on the private residential market. The HKHA will continue to
keep an eye on changes that might warrant adjustments to the announced sales
programme.
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