The Housing Authority introduced in the past few decades various subsidised home ownership schemes, including the Home Ownership Scheme (HOS), the Tenants Purchase Scheme (TPS) and the Home Assistance Loan Scheme (HALS). Over the years we have sold over 440 000 flats to eligible families at discounted prices. In line with the Government's policy, we stopped producing new HOS flats in 2003 while also halting all sales, except for a small surplus stock scheduled for disposal from 2007 onwards. Meanwhile we continue to operate the HOS Secondary Market Scheme, which provides an alternative for public rental housing (PRH) tenants to own a home. This in turn enables us to recover more PRH flats for allocation to families in need.
