The Housing Authority (HA) formally established the HOS Secondary Market Scheme (HOSSMS) in June 1997. It enables public housing tenants and Green Form Certificate holders to purchase flats sold under Home Ownership Scheme (HOS) / Private Sector Participation Scheme (PSPS) / Tenants Purchase Scheme (TPS) (hereinafter collectively referred to as HOS flats) with the date of first assignment from the third years onwards. The launch of the HOSSMS increases the turnover of HOS flats so as to satisfy the society's need of subsidised home ownership. Apart from providing more choices for public rental housing tenants and Green Form Certificate holders to own a home, more public rental housing can be recovered for allocation to families in need.
Transactions in the HOS Secondary Market are similar to that in the open market. The purchaser and the seller may negotiate the price freely and conclude the deal either directly or through an estate agent. Purchasers of flats in the HOS Secondary Market will assume the liability to pay the premium if they sell their flats at the open market in the future.
In response to the aspirations of low-and middle-income families to buy their own homes, an Interim Scheme to extend the HOS Secondary Market to White Form buyers with a quota of 5000 was implemented in 2013. One more round of the Interim Scheme with a quota of 2500 has been launched in August 2015.
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