As many as 2,545 flats will be provided.
The first regularised project under the Green Form Subsidised Home Ownership Scheme located in Lai Tsui Court in Cheung Sha Wan will be opening for applications in December, according to government statement.
Composed of four blocks, the project can provide 2,545 flats. After a 58% discount from the assessed market values, flat prices will range from $932,500 to $3.06m.
Balloting will be held in February and successful applicants will be invited to select flats from March 2019.
Chief executive Carrie Lam earlier unveiled a new pricing policy for the Green Form Subsidised Home Ownership Scheme that will kick into effect this year. Flats will soon be discounted 10% more than the previous HOS sale in an attempt to make the more affordable to public housing tenants.
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