Tenants Purchase Scheme

New Home Ownership Scheme measure a boost for housing market in Hong Kong

By relaxing sales restrictions in the HOS market, the government is able to help the needy.Photo: Felix Wong

Premium is a word with multiple meaning. In the insurance industry, a premium is the monthly or annual financial cost for obtaining insurance coverage. In the financial world, a premium may refer to the monetary difference between a future and a spot price.

Wednesday, 15 August, 2012, 5:34am

C.Y. reaffirms HOS plan

Chief Executive Leung Chun-ying says he won't retract his plan to resume the Home Ownership Scheme, despite concerns raised by Asia's richest man Li Ka-shing.

15 Aug 2012 - 11:03pm

Exams take toll on sales in June

Sales of secondary homes in Hong Kong edged higher thanks over the holiday weekend, but sales of new flats rose more strongly.

Research by property agency Midland Realty shows 15 flats were sold between Saturday and Monday on the 10 major housing estates that it monitors. That compares with the 12 transactions recorded on those estates over two days the previous week.

4 Jul 2012 - 12:00am

Flats offered at below market prices

Cheung Kong (Holdings) is offering flats in its latest project at prices below the secondary market in the area, reflecting slumping sales and growing fears of more cooling measures after chief executive-elect Leung Chun-ying takes office next week.

26 Jun 2012 - 12:00am

Demand healthy for new subsidised Sham Shui Po flats

The Housing Society's private residential project Heya Green has been swamped with more than 1,000 applications since it started accepting them four days ago - three times the number of flats available in the Sham Shui Po project.

26 May 2012 - 12:00am

City Digest

Man wins HK$300,000 for 'humiliating' kick in knee

17 Jan 2012 - 12:00am

It's shelter, but little else

The resurrected Home Ownership Scheme promises to deliver 5,000 flats a year - the same as before. But this time the philosophy behind the housing policy is different.

1 Nov 2011 - 12:00am

Buyers may have unfair advantage under new HOS

The newly revived subsidised Home Ownership Scheme gives flat buyers advantages denied to owners under the old scheme, and this may be considered unfair, Housing Authority advisers warned yesterday.

14 Oct 2011 - 12:00am

Home scheme revival 'no instant solution'

Reviving the government-subsidised Home Ownership Scheme now would not be an instant fix for high property prices since it would take seven years to get the first flats on sale, the housing director says.

28 Jun 2011 - 12:00am

Big backing for tenants' purchase scheme

Nearly nine in 10 public housing tenants would buy their homes if the Tenants Purchase Scheme resumed, a survey has found. And 99.9 per cent of those surveyed said the scheme should be restarted. The Federation of Trade Unions interviewed 996 tenants of Wong Tai Sin and Kwun Tong public estates.

11 Jul 2008 - 12:00am

Man jailed for trying to buy medical records

A man who tried to obtain his dead girlfriend's medical records by bribing a hospital official was jailed for three months yesterday.

26 Mar 2008 - 12:00am

House price rises 'no reason' to revive HOS

The Home Ownership Scheme should not be revived simply because property prices have gone up, the housing minister said yesterday.

Speaking on a radio programme, Secretary for Transport and Housing Eva Cheng said any plan to reintroduce the HOS would require careful consideration as it would have long-lasting implications.

17 Mar 2008 - 12:00am

Privatise public housing to help needy get ahead

Rising property prices have fuelled calls for the government to revive a scheme to build subsidised housing for sale. Housing and Transport Secretary Eva Cheng rightly stepped into the fray yesterday, diplomatically saying no to any such suggestion.

17 Mar 2008 - 12:00am

For sale: large flat with sea view for just HK$2.7m in HOS sell-off

A 900-square-foot flat with a sea view is going for HK$2.7 million in the latest batch of surplus Home Ownership Scheme flats to go up for sale.

It is the most expensive of about 3,000 subsidised flats in three separate developments, ranging upwards from as little as HK$400,000, that will go on sale next month.

26 Jan 2008 - 12:00am

Pledge of public consultation for revival of HOS

Housing minister says careful study needed on subsidised flats

The possibility of a revival of the shelved Home Ownership Scheme seemed to edge a little nearer yesterday when the housing chief said the government was willing to hold a public consultation on resuming construction of the subsidised flats.

25 Jan 2008 - 12:00am