Housing Authority to put up 2,576 green form flats for sale

The flats will be sold at a 40% discount off market prices.

The Housing Authority plans to offer 2,576 flats for sale in the third quarter under the Green Form Subsidised Home Ownership Scheme (GSH), including new units at Wang Chi Court in Kowloon Bay.

This round also includes previously unsold flats or returned from earlier GSH rounds in 2020-21 and 2022, along with additional units from the Tenants Purchase Scheme that have been recovered.

The Wang Chi Court flats range in size from around 17.9 square metres to 43.3 sqm. More than a quarter of them are large flats, with saleable areas of about 41.8 sqm to about 43.3 sqm.

GSH flats will be sold at a discount greater than that in the preceding Home Ownership Scheme (HOS) sale exercise.

As the discount rate for the sale of HOS 2024 flats was 30%, the discount rate for all GSH flats offered under this sale exercise will be set at 40%.

The selling prices of Wang Chi Court flats range from about $1.15m to about $3.49m.

As an enhancement measure, this sale exercise will allocate an extra ballot number to applicants who had failed to purchase a flat in GSH 2022 and GSH 2023, so as to increase their chances of success.