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Home > Residential Properties > Subsidized Home Ownership Schemes > Tenants Purchase Scheme > Sell a TPS Flat > Sell in the Open Market
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| Sell in the Open Market |
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Procedure 1: Application for Premium Assessment
Application forms for assessment of premium are available free of charge at the respective District Tenancy Management Offices or the Support Services Section (4). You can also download the application forms on this website. The Housing Department (or its appointed surveyor) will assess the prevailing market value and the amount of premium payable.
Please click the link to download the Application Form for Assessment of Premium:
The premium is assessed with reference to the prevailing market value of the flat without resale restrictions, the initial market value and the list price of the flat as specified in the first assignment or last assignment [Note] (for resale flat) between the Housing Authority and the purchaser, and calculated by using the formula as stipulated in the Schedule to the Housing Ordinance. It should be noted that the List Price does not take into account the special credit offered to the purchasers who purchased their flats within a specific time limit. Please click here for calculation of the premium.
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| Note: |
The discount at the time of purchase may vary for each flat. The owner should calculate the discount according to the difference between the initial market value and the list price of the flat as specified in the first assignment or last assignment (for resale flat) between the Housing Authority and the purchaser. |
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Last revision date: 14 June 2010
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