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Ways to Sell a GSH Flat

Owners of Green Form Subsidised Home Ownership Pilot Scheme (GSH) flats can sell the flat through different ways, depending on the period of time counted from the date of first assignment:

Within First Two Years

The owner has to offer to sell the flat to the HA.  Under existing policy, the HA will not buy back the flat, but will exercise the power under the Housing Ordinance (Cap. 283) to nominate a buyer.  The flat is to be assigned to a nominee of the HA at the original purchase price in accordance with the procedures and requirements as from time to time stipulated by the HA.  The HA will issue a certificate certifying the flat owner’s eligibility to find an eligible purchaser (who needs to be a buyer holding a Green Form Certificate of Eligibility to Purchase (GF CEP holder)) and the flat owner has to identify at his/her own costs and expenses an eligible purchaser who will apply to the HA for nomination.  If (i) no application for nomination is made to the HA or if all submitted applications are unsuccessful with no nomination being made by the HA within 6 months from the date of receipt of the offer to sell the flat to the HA; or (ii) after a Letter of Nomination has been issued by the HA the assignment of the flat is not completed within 4 months from the date of such nomination, whichever is the later, the flat owner may sell the flat in the open market after payment of premium. If the flat owner does not wish to sell the flat in the open market, he/she may make a new offer for sale of the flat to the HA.

Third to Fifth Year

The flat owner may either:

  • sell the flat in the HOS Secondary Market to a GF CEP holder nominated by the HA without payment of premium and at his/her own negotiated price; or
  • offer to sell the flat to the HA.  Under existing policy, the HA will not buy back the flat, but will exercise the power under the Housing Ordinance (Cap. 283) to nominate a buyer.  The flat is to be assigned to a nominee of the HA at the price assessed by the Director of Housing (which is the market price as assessed by the Director of Housing at the time when the offer to sell the flat to the HA was made, less the original discount when the flat was purchased from the HA) in accordance with the procedures and requirements as from time to time stipulated by the HA.  The flat owner will need to apply for assessment of the price of the flat and pay the required administrative fee.  The HA will issue a certificate certifying the flat owner’s eligibility to find an eligible purchaser (who needs to be a GF CEP holder), and the flat owner has to identify at his/her own costs and expenses an eligible purchaser who will apply to the HA for nomination.  If (i) no application for nomination is made to the HA or if all submitted applications are unsuccessful with no nomination being made by the HA within 6 months from the date of receipt of the offer to sell the flat to the HA, or (ii) after a Letter of Nomination has been issued by the HA the assignment of the flat is not completed within 4 months from the date of such nomination, whichever is the later, the flat owner may sell the flat in the open market after payment of premium. If the flat owner does not wish to sell the flat in the open market, he/she may make a new offer for sale of the flat to the HA.
Exceeding Five Years

The flat owner may either:

  • sell the flat in the HOS Secondary Market to a person nominated by the HA without payment of premium and at his/her own negotiated price; or
  • sell the flat in the open market after payment of premium.


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