More than 10,000 watches in the glory of the house

The Urban Renewal Authority (hereinafter referred to as the URA) is the first “Hong Kong people’s first home ownership pilot project” (hereinafter referred to as the first placement). Hung Hom has been living in Hong Kong. It has been accepting applications on the 3rd of this month. It has been more than a week. Received more than 10,000 applications, exceeding 21 times. The Chief Executive of the URA, Mr Wong Chi-sing, revealed in the blog yesterday that preliminary statistics show that about 64% of the applicants are single-person applicants. More than 80% of the applicants are “post-80s” and “post-90s” aged 18 to 38. About half of the applicants’ incomes are close to the “lower limit” of their income for single or family applicants, reflecting the high number of applicants who have higher income but insufficient savings and assets to purchase property in the private market. The Council hopes that it will be able to play a “pilot” function to help the Government test the concept and operation of the “first place”.

One person accounted for 64% of income and low assets

Wei Zhicheng pointed out that from preliminary statistical observations, about 64% of applicants applied for one person, and about 36% applied for family. According to the age distribution, more than 80% of the applicants are “post-80” and “post-90”, that is, 18 to 38 years old; and the family applications belonging to this age group account for about 30% of the total number of applications.

According to preliminary data, about 38% of applicants live in public housing or subsidized housing. The scheme is to apply for the first placement of the households. About 40% of the applicants live in the New Territories.

The income limit for one-person applicants for the project is 28,501 yuan to 37,050 yuan, and the income limit for family applicants is 57,001 yuan to 74,100 yuan. According to the preliminary income information reported by the applicants, about half of the applicants’ incomes are close to the “lower limit” of their income for the single or family application group.

According to the net total assets of the households reported by the applicant, about 70% of the applicants have a total net asset value of no more than 1.28 million yuan; about half of the applicants have a total net asset value of 640,000 yuan or less. It is inferred that there are a large number of applicants who have higher income levels but have insufficient savings and assets to purchase property in the private market. The one-person applicant’s asset limit is 1.28 million yuan, and the family applicant is 2.55 million yuan.

Wei Zhicheng said that the URA will continue to closely monitor the project application response and, after completing all the sales procedures, carefully analyze the applicant’s characteristics and the status of the subscribers, and comprehensively review the plan and submit proposals to the Government for the Government’s future implementation. The First Place project provides experience and optimization.

Wei Zhicheng: Analytical Data Optimization First Place Plan

The sales office and demonstration unit at the Kwun Lai Estate in Tai Kok Tsui opened on the 3rd of this month. Over the past week or so, the URA has received more than 10,000 applications. More than 9,000 people have visited the demonstration units. The appointment to visit the demonstration unit has been filled.

Yesterday, there was a visitor who said that the project price was affordable, but it was necessary to save money.

The information is displayed. The application will be closed on the 23rd of this month. The application form can be submitted online or by post. The application form can also be handed over to the application form at the ground floor of 6 Fuk Man Street, Tai Kiu Tsui. Lottery in March and picking up in June.

Located at No. 8 Heyuan Street, Hung Hom, the Renaissance House offers 450 gangs with a saleable area of ​​261 to 507 square meters. The price of the market price is 60.42 million to 6.605 million yuan, and the price is 11692 to 13969 yuan.