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  1. Date set for sale of flats in subsidised project

    Posted Nov 19th 2004, 12:00am by Chloe Lai

    ... flats. They said this would be unfair to those who qualified to buy subsidised flats but were not living in public housing estates. New World Development built the estate for the authority under ... ownership flats. Secretary for Housing, Planning and Lands Michael Suen Ming-yeung has said none of the subsidised flats will be sold before 2006. ...

  2. Sale of subsidised public rental units to resume in June: HA

    Posted Jun 02nd 2004, 12:00am by Staff Reporter

    ... CHANDRA WONG Updated at 4.15pm: The first sale of subsidised public rental housing units to tenants would resume in June- the same time when the Home Assistant Loan Scheme ends, ... will be sold under the scheme. In late 2002, the government called a halt to the sale of subsidised public rental housing (PRH) units to tenants- effective from 2003. The PRH scheme resumed in April. ...

  3. Kingsford Terrace sale still under discussion

    Posted Jun 10th 2004, 12:00am by Chloe Lai

    ... the asking and selling price. He said the government would like to sell the project to the developer since it already has too many empty subsidised flats. 'The government does not know how to deal with [the flats] if it buys them back from the developer. Remember they cannot put any subsidised flats on the market until 2006,' he said. 'At the same time the developer would ...

  4. Housing Authority to cancel loan scheme

    Posted May 30th 2004, 12:00am by Patsy Moy

    ... Patsy Moy Potential buyers of private and government subsidised flats may have to resort to other financial channels as the Housing Authority plans to abolish its housing loan scheme ... few months. Meanwhile, the Housing Authority also plans to sell about 25,000 subsidised rental flats from four public housing estates- Lei Tung Estate in Ap Lei Chau, Po Lam Estate in Tsueng ...

  5. No early sales urged for Kingsford Terrace flats

    Posted Jun 17th 2004, 12:00am by Chloe Lai

    ... Terrace development in Ngau Chi Wan- built for subsidised sale but withdrawn from the market in 2002 to prop up prices- mothballed for 'several years' before the flats are sold ... Chloe Lai What should happen to the 2,010 flats the government has bought back from New World Development for $1.44 billion? They should not be put on the market for a while, two Housing ...

  6. Government handed deal on public flats

    Posted May 20th 2004, 12:00am by Chloe Lai

    ... Chloe Lai The Housing Authority will lose $400 million because the government will only pay $2.7 billion for more than 4,000 subsidised flats it is buying in a 10-year, interest-free deal. The authority's Subsidised Housing Committee yesterday agreed to sell 4,304 unsold Home Ownership Scheme (HOS) flats and 538 car park spaces to the government for conversion into staff quarters. The 4,304 ...

  7. New World to be paid $1.4b in flats buy-back

    Posted Jun 16th 2004, 12:00am by Martin Wong

    ... Martin Wong The government will pay New World Development $1.4 billion to buy back 2,010 flats in a former subsidised housing development, after efforts to strike a deal to sell them ... in building subsidised flats for sale. New World Development general manager Stewart Leung Chi-kin said yesterday that negotiations had broken down and the government would buy back the flats ...

  8. Unsold flats become officers' quarters

    Posted May 19th 2004, 12:00am by Chloe Lai

    ... into subsidised rental flats besides setting aside 4,000 for the disciplined services. Sources said the authority was still negotiating with the Beijing-based China Real Estate Development Corporation ... Chloe Lai The cash-strapped Housing Authority will be paid more than $2 billion by the government to turn about 4,000 unsold Home Ownership Scheme (HOS) flats into staff quarters ...

  9. Housing chief defends cut-price flats sale

    Posted Feb 11th 2004, 12:00am by Chloe Lai

    ... The government suspended the Home Ownership Scheme under the pressure of developers, and now the government sold the subsidised flats cheaply to developers. It is a classic case of favouritism.' ... that with the experience learned from the Hunghom deal, the government would strike a better deal next time. The government revealed on Monday that the 2,470 flats, built under the now-defunct Private Sector ...

  10. Scheme will help tenants buy public estate flats

    Posted Jun 03rd 2004, 12:00am by Chloe Lai

    ... Chloe Lai Public housing tenants will be able to buy their rental flats for as little as $57,000 under a scheme announced yesterday. A Housing Authority committee decided to put 25,000 rental flats on sale, terminate a home loan scheme and turn 7,600 temporary units into public housing. The subsidised flats will be sold to tenants at 40 per cent of market prices. An additional ...




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