Sales of government-subsidised housing in Shanghai and Beijing have been disappointing because those who qualify for such flats cannot afford the high purchase prices, agents and property analysts say.Wednesday, 20 February, 2013, 4:40am
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 Chun-ying's pledge to spend HK$1 billion on building 3,000 flats for young people who cannot afford private housing.7 Feb 2013 - 5:05am 4 comments
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.29 Dec 2012 - 4:17am
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 to be heavy for the first offering under the plan – Greenview Villa in Tsing Yi, where 988 flats in a three-block estate are expected to be available in 2015.28 Dec 2012 - 2:44pm
Subsidised flats open for applications28 Dec 2012 - 1:35am
Flats at the first estate being sold under Hong Kong's "My Home Purchase Plan" are seeing an overwhelming response from potential buyers, some of whom say they may purchase a unit for their adult children.22 Dec 2012 - 3:51am
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.21 Dec 2012 - 3:47am
Sun Hung Kai Properties' Residence 88, Henderson Land's High Point, and Nan Fung's Tung Chung project may be competing with government-subsidised flats for buyers in coming months.5 Dec 2012 - 4:15am
Big rises announced by the government last week in the income and asset caps for applicants seeking to buy subsidised housing will create a new market for insured home loans, say analysts.5 Dec 2012 - 4:15am
As many as 270,000 home buyers seeking bargains will be able to vie for up to 5,000 used government-subsidised units from next January under a revised home ownership scheme.
The Housing 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.30 Nov 2012 - 3:20am