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  • July 11, 2014
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  1. News - Hong Kong

    Applications flood in for first batch of subsidised flats

    Posted Dec 28th 2012, 02:31pm by LO WEI

    ... Lo Wei Applications began flooding in on Friday morning from Hongkongers hoping to buy a subsidised flat under the government’s new My Home Purchase Plan. Competition is expected ... in an in IPO [initial public offering],” said Fred Yeung Tsz-yin, a clerk in his early 30s who hopes he and his wife can get one of the subsidised flats. The couple currently rent a flat in an old ...

  2. Property - Hong Kong & China

    Subsidies forcing developers into price competition on new flats

    Posted Dec 05th 2012, 12:00am by Paggie Leung

    ... may be competing with government-subsidised flats for buyers in coming months. Together with Henderson Land and New World's The Reach, which is currently on offer, these residential projects have been tipped to offer some smaller flats at prices starting from HK$3 million, fitting the budget of subsidised-flat candidates, say property analysts. SHKP's Residence 88 ...

  3. News - Hong Kong - HOUSING

    Subsidised flats for young people won't be ready for four years

    Posted Feb 07th 2013, 12:00am by DENNIS CHONG AND LAUREN HO

    ... Dennis Chong and Lauren Ho And there will only be 300 up for grabs when the first projects in subsidised scheme are ready Young people may be waiting 4 years for flats It will take up to four years to finish the first lot of subsidised housing for young people under a new scheme- but that will amount to fewer than 300 flats. That is despite Chief Executive Leung ...

  4. News - Hong Kong

    Rush for subsidised flats in Tsing Yi, but repayments are a worry

    Posted Dec 29th 2012, 12:00am by Olga Wong, LO WEI

    ... Olga Wong and Lo Wei Rush for subsidised flats, but repayments a worry Eligible buyers rushed to join a ballot for new subsidised flats in Tsing Yi yesterday even though the mortgage payments could eat up at least half their monthly income. They were seeking homes in the Housing Authority's Greenview Villa Estate, in which flats are being offered at a 30 per cent discount. ...

  5. News - Hong Kong - HOUSING

    Housing Authority to allow higher earners to apply for subsidised flats

    Posted Nov 30th 2012, 12:00am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Housing Authority backs a proposal allowing households that earn up to HK$40,000 a month to apply to buy subsidised homes Bargain flats for well-off families ... Authority's subsidised housing committee yesterday endorsed a proposal to allow families with monthly income up to HK$40,000 and assets worth up to HK$830,000 to be eligible to apply to buy the flats ...

  6. Property - Hong Kong & China - HOUSING

    Subsidised flats first to be offered for sale using saleable area

    Posted Dec 21st 2012, 12:00am by Paggie Leung

    ... Paggie Leung paggie.leung@scmp.com Gross floor areas not included in sales information for subsidised units First flats to feature new saleable area details The government's "my home purchase plan" will be the first residential property development in the city to provide flat details in terms of saleable area only, and not gross floor area. The 988 flats ...

  7. News - Hong Kong - HOUSING

    Henderson boss Lee Shau-kee mulls flats modelled after subsidised housing

    Posted Sep 11th 2013, 12:00am by Johnny Tam, CHEUNG CHI-FAI

    ... 'subsidised housing' Property tycoon Lee Shau-kee is thinking of building and selling residential flats similar to subsidised housing, and "the cheaper, the better", he says. Lee ... of at least 2,000 units similar to Home Ownership Scheme flats- on which buyers do not pay a premium. The site to be used might not be farmland, nor might it be owned by him, he said. He did ...

  8. Subsidised flats system 'unfair'

    Posted Jan 03rd 2012, 12:00am

    ... Olga Wong olga.wong@scmp.com An academic says the government should take back subsidised housing when the land leases expire- usually after 50 years- but waive land premiums when the flats ... and Construction at the University of Hong Kong. He said it would help retired people who could cash in by selling their private flats and then use some of that money to buy a cheaper subsidised flat ...

  9. News - Hong Kong - HOUSING

    Buyers keen on subsidised flat scheme

    Posted Jul 13th 2013, 12:00am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Buyers keen on subsidised flat scheme The new scheme giving middle-income earners the chance to buy a subsidised flat in the secondary market without having ... by yesterday's deadline for the first batch. Of the 2,497 who wanted to buy a subsidised flat, 428 entered into the provisional purchase agreement and 254 completed their transactions. Under the scheme, ...

  10. News - Hong Kong - HOUSING

    Public flat tenants face 10pc rent rise

    Posted Jul 03rd 2014, 03:26am by Olga Wong

    ... rental flats by selling subsidised homes no longer worked. The authority has predicted that its reserves of HK$68.1 billion would fall to HK$28.3 billion within four years. An authority working ... Olga Wong olga.wong@scmp.com Public flat tenants facing 10pc rent rise Public housing tenants will be asked to help relieve the Housing Authority's financial burden with a rent ...




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