When the TPS flat exceeds five years from the date of first assignment, the owner can sell, let or assign the flat in the open market subject to payment of a premium to the HA.  However, owner of the flat which exceeds five year from the date of first assignment can enter into agreement for sale and purchase providing it is a condition of such agreement that the premium as assessed by the Director of Housing be paid prior to the assignment and within 28 days of the date of the agreement or within such period as may be otherwise stipulated by the Director of Housing.  Any person who sells, lets or assigns the flat before payment of the premium commits an offence under the Housing Ordinance and is liable on conviction to a fine of $500,000 and to imprisonment for one year and such alienation or assignment will be void.
 
Please click here for information on premium payment arrangements for flats expired the 5-year alienation restriction period
 
Please click here to download the application form for premium assessment (expired the 5-year alienation restriction period) (PDF Format, 45 KB)
  

Please click here for information on the TPS estates in which the 5-year resale restriction period has expired.

Please click here for information on calculation of the premium.