Bai Habitat two quotas 2500 next quarter push

The Housing Authority subsidized housing team passed yesterday and the White Form HOS Secondary Market Scheme (“Habitat II”) has been normalized but the quota is reduced from the original proposal of 3,000 to 2,500 next year Launched in the first quarter and accepted with HOS. Wong Yu-fai, Chairman of the Sub-letting Housing Panel, said that “Pak Habitat II” intended to help home-buyers who need the white-form families. There is no general conclusion that the plan will push up property prices. The HA will review the quotas annually.

In line with the government’s policy of improving the public housing ladder, after the “White House 2” plan has been normalized, there will be an annual quota of 2,500 and a ratio of 9 to 1 for families and one-person applicants. The applicants’ eligibility criteria for ‘Habitat’ is in line with HOS flats. Applicants can also apply for HOS flats and ‘Habitat II’ at the same time. The same applies to resale restrictions.

Wong Yuen-fai said members agreed that two rounds of the “Pioneer II” pilot scheme will help meet the needs of home-buyers and most people agree to normalize. The annual quota of 2,500 quotas is the starting point, mainly referring to the number of successful transactions of the pilot scheme.

Regarding the alleged “Bai Habitat II” being accused of pushing up property prices, Wong Yuen-Fai believes that during the two-round pilot scheme, second-hand HOS retailers’ prices have increased at a higher rate than those of small and medium-sized private flats. However, many different factors are involved. Refers to the increase in second-hand HOS flats as a result of “White House II”.

As a member of the Hong Kong Federation of Housing and Home Affairs Directors, Zhao Guowei refers to “White House II” if the quota is too large, it will push up the price of HOS second-hand market and refer to the pilot project volume to depress the quota to 2,500. Easier for the public to accept. Yin Siu-kin, a member of the panel, believes that the property market is hot and it is not an opportune time to normalize its plan. It fears that “going up the stairs” will push prices higher and buyers will bear the brunt of the market reversal.