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General Sales Information

Sale of Home Ownership Scheme (HOS) Flats 2017

  • 2 057 new HOS flats, scheduled for completion in 2018/19, were put up for pre-sale in end March 2017. Besides, some rescinded flats from the “Sale of HOS Flats 2014” due to the cancellation of the Agreement for Sale and Purchase by relevant purchasers will also be included in this sale exercise.
  • Open for application by Green Form (GF) and White Form (WF) applicants with the ratio for quota allocation between ordinary GF and WF applicants at 50:50. There will be quota/ flats for the following two application categories:

 

Application Categories  Quota/Number of Flats
GF Applicants WF Applicants
a)

Families applying under the ‘Priority Scheme for Families with Elderly Members’

300 300
b)

One-person applicants

50 50

The quota allocation ratio between Green Form and White Form applicants is 50:50. If the allocated quota for Green Form applicants for a particular application category is not fully utilised, the remaining quota will be allocated to White Form applicants of the same application category and vice versa. (For example, if the allocated quota for Green Form applicants under the “Priority Scheme for Families with Elderly Members” is not fully utilised, the remaining quota will be allocated to White Form applicants under the “Priority Scheme for Families with Elderly Members” and vice versa.)

The HA sets a quota of 600 flats for applicants applying under the “Priority Scheme for Families with Elderly Members” (300 flats for Green Form applicants, 300 flats for White Form applicants). If families applying under this category fail to obtain a quota, they will still have the opportunity to purchase under other family categories. If the 600 quota has not been fully consumed after all applicants applying under the “Priority Scheme for Families with Elderly Members” have been invited for flat selection, the unused quota will be allocated to the “Other Family/Other Nuclear Family/Other Non-nuclear Family” category of the Green Form and White Form queues on an equal basis. If an applicant under the “Priority Scheme for Families with Elderly Members” has successfully selected and signed ASP for a flat, the relevant quota will be treated as consumed. Any quota released due to later rescission of flat from this application category will not be allocated back to another applicant under the “Priority Scheme for Families with Elderly Members”. Upon completion of the relevant procedures for cancellation of ASP by the HA, the rescinded flat will be released for selection by applicants on the next flat selection day according to the order of flat selection priority.

The HA also sets aside 100 flats (50 flats for Green Form applicants, 50 flats for White Form applicants) for one-person applicants. One-person applicants will be invited to select the remaining 100 flats, irrespective of size, after family applicants have selected their flats. In case the 100 flats are not fully consumed after all one-person applicants have been invited to select flat, the remaining flats will be allocated back to “other family” categories in the ratio of 50:50 between Green Form and White Form applicants. If there are more than 100 flats remaining after all family applicants have been invited to select flat, all remaining flats will be allocated to one-person applicants for their selection in the ratio of 50:50 between Green Form and White Form applicants. If a one-person applicant has successfully selected and signed ASP for a flat, the relevant reserved flat will be treated as taken up. Any flat released due to later rescission of flat from this application category will not be allocated back to another one-person applicant. Upon completion of the relevant procedures for cancellation of ASP by the HA, the rescinded flat will be allocated back to “other family” applicants for selection according to their priority order.

The flat selection order of different categories of applicants is as follows:

Green Form Applicants  White Form Applicants
  1. Family applicants applying under the ‘Priority Scheme for Families with Elderly Members’
  2. Other family applicants
  3. One-person applicants
  1. Nuclear family applicants applying under the ‘Priority Scheme for Families with Elderly Members’
  2. Other nuclear family applicants
  3. Non-nuclear family applicants
  4. One-person applicants

All “family” applicants and “one-person” applicants will be allocated an ordinary order of priority for flat selection randomly generated by computer according to the ballot result. Family applicants who join the “Priority Scheme for Families with Elderly Members” will be allocated an additional order of priority for flat selection randomly generated by computer according to the ballot result, i.e. a total of two order of priority will be allocated to them.

The HA will invite eligible applicants of different categories for flat selection according to the order of priority as stated in above table. Family applicants who join the “Priority Scheme for Families with Elderly Members” will be invited for flat selection first. If applicants concerned fail to purchase a flat under the quota of that application category, the HA will invite them for flat selection again when their order of priority under the “Other Family/Nuclear Family” turns up, provided that flats are available for selection under that category.

In executing flat selection order, the ratio between ordinary Green Form and White Form applicants will be 1:1. In other words, for every two applicants on the priority list, the order will be: (a) one Green Form applicant; (b) one White Form applicant.

If PRH tenants rehoused through the Express Flat Allocation Scheme exercise apply within three years from the date of tenancy commencement of their PRH units by using Green Form, they will be treated as if they were White Form applicants in terms of flat selection priority and will be put under the White Form queue. Any flats purchased by this category of Green Form applicants will be counted against the White Form quota. Upon taking over of their purchased flats, this category of Green Form applicants, similar to other Green Form applicants, have to surrender their PRH units to the HA.

  • The previous guiding principle (i.e. for at least 50% of the flats for sale, a mortgage-to-income ratio of not more than 40% can be achieved for eligible households with income at the level of the current HOS income limit for WF applicants) and general guideline of offering a discount of 30% of market value have been followed in setting the price.
  • The HA will decline all buyback offers for the HOS flats sold from 2007 onwards.
  • The provision of mortgage guarantee in respect of loans granted by banks and other authorised financial institutions for the purchase of HOS flats has been continued.
  • A one year defects liability period from the date of assignment of individual flats is provided.
  • A structural safety guarantee (SSG) of 10 years from the date of building completion for HOS flats will be offered. For new HOS flats, the date of building completion for the purpose of the Structural Safety Guarantee will be the date of the Occupation Permit issued by the Independent Checking Unit of Housing Department in respect of the buildings concerned.


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