Hong Kong to offer 7,132 new HOS flats under 2024 scheme

Prices range from $1.43m to $4.67m.

The Hong Kong Housing Authority (HA) announced that 7,132 new Home Ownership Scheme (HOS) flats will be put up for sale under the Sale of Home Ownership Scheme Flats 2024 (HOS 2024). 

The flats are located at Kai Ying Court in Kai Tak, On Pak Court in Kwun Tong, Ko Hei Court in Yau Tong, Yu Hing Court in Tung Chung, and Siu Wu Court in Tuen Mun, with areas ranging from about 17.3 sq. m. to about 47.4 sq. m.

The prices range from HK$1.43m to HK$4.67m, a 30% discount on current assessed market values.

About 40% of the new flats will be reserved for balloting and priority selection to families with newborns and elderly members, under the Priority Newborns Scheme and the Priority Scheme for Families with Elderly Members.

Each development will also have a quota of 10% for one-person applicants.

For families of two people and above, the income limit has been reduced from HK$62k per month to HK$60k per month, while the asset limit has been reduced from $1.47m to $1.23m. 

For one-person applicants, the income and asset limits have been lowered to HK$30k per month and HK$615k.

The category of applicants and their priority sequence are as follows:

• Priority 1: Family applicants living in Public Rental Housing (PRH) who are affected by HA’s announced clearance programme(s) and where the target clearance date(s) is/are after the launch date (application commencement date) of HOS 2024.
• Priority 2: Ordinary GF and WF family applicants to select flats according to the relevant quota allocation ratio and in the following priority order:

GF families: (1) Family applicants applying under the Priority Elderly Scheme and Priority Newborns Scheme; (2) Other family applicants.

WF families: (1) Nuclear family applicants applying under the Priority Elderly Scheme and Priority Newborns Scheme; (2) Other nuclear family applicants; (3) Non-nuclear family applicants.

• Priority 3: One-person applicants living in PRH estates who are affected by HA’s announced clearance programme(s) and where the target clearance date(s) is/are after the launch date (application commencement date) of HOS 2024.
• Priority 4: Ordinary GF and WF one-person applicants to select flats according to the relevant quota allocation ratio.