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Only 59pc of HOS flats sell in latest sale

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The Housing Authority has sold about 1,900 of the 3,221 Home Ownership Scheme flats marketed in the latest sale, which ended yesterday. The sales rate, 59 per cent recorded last Tuesday, is one of the lowest since 1997. The lowest was 54 per cent in 2002. About 33 per cent of applicants showed up to buy the flats, left over from the shelved subsidised-housing scheme, in Shau Kei Wan, Wong Tai Sin, Ma On Shan and Tin Shui Wai.

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