The subsidized housing is tightened and resold. The HS intends to follow

The Housing Authority (hereinafter referred to as the Housing Authority) plans to introduce subsidised sale of flats (including HOS and Green Forms (Green Home) schemes) since 2019 to tighten resale restrictions. Buyers must hold units for 10 years. It can be resold in the free market through land premium. The Chairman of the Housing Society (hereinafter referred to as the HS), Chen Jiale, believes that 10 years is a suitable term and said that if the Housing Authority implements the extension of the resale restriction period, the HS will generally follow.

Chen Jiale: Will not reduce the attraction

When attending a radio programme yesterday, Mr Chan pointed out that the pricing of HOS and Green Homes was changed to the applicant’s affordability. The Government’s subsidy increased accordingly. The tightening of resale restrictions is in principle reasonable. It is expected that even if tightening restrictions, it will not Reduce the attractiveness of subsidized home sales.

He reiterated that the increase in the amount of concessions for the sale of housing will put pressure on the finance of the HS. The HS is discussing with the Government whether there is room for revision of the existing land premium arrangement.

In addition, the Housing Society launched the “Unpaid Subsidized Rental Housing Rental Scheme” in September. Only 9 owners and 40 tenants have applied for it. Chen Jiale said that the HS only hopes that “the best use of the room” will not be specific. index.

The Housing Authority Subsidised Housing Unit will hold a meeting today (16th) to discuss the details of the application for re-sale of the sale of flats in Cheung Sha Wan, including the application for the Green Form applicants. The application, if the applicant for the Green Form of the new HOS flats fails to enter the market, the application can be automatically transferred to the Green Home Purchase Scheme.

The public housing association welcomes the practice. It is believed that the application procedures and the administrative work of the Housing Department can be reduced. It is suggested that the HA should further simplify the application procedures for applicants for the HOS and WHB Second Market Schemes. For example, the White Form is not required. The applicant repeats the application form for the two plans and urges the authorities to implement the electronic application service as soon as possible.