Hong Kong’s first “starter homes” project has drawn more than 20,800 applications, with most of the demand coming from young single applicants, according to the Urban Renewal Authority.
The response means that applications from hopeful owners for the 450 flats in Hung Hom, Kowloon have been oversubscribed 46 times.
The authority, which was tasked by the government with managing the Starter Homes pilot scheme, said two-thirds of the applicants were single, and 86 per cent were aged 18 to 38.
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Of the family applicants, the majority were two-person households.
Housing chief Frank Chan Fan said that the government would consider its next step for further starter homes projects after taking several factors into account.
“The starter homes pilot scheme has proved to be very popular. We have reserved a site on Anderson Road for starter homes, but we will have to examine the overall situation, such as sales arrangements, the sale’s popularity and the authority’s experience in handling such a scheme, before we can make any further decision,” Chan said on Friday.
A potential buyer collects an application form for the eResidence starter homes project. Photo: Sam Tsang
