Hong Kong Housing Authority and Housing Department

	Public Rental Housing
	Subsidized Home Ownership Schemes
		Home Ownership Scheme
		Tenants Purchase Scheme
		Home Assistance Loan Scheme
		Sales Arrangements for Surplus HOS Flats
	HOS Secondary Market

> > > > Sell a TPS Flat

Sell a TPS Flat

Under the current Schedule to the Housing Ordinance, alienation restrictions are imposed on flats sold under the Tenants Purchase Scheme (TPS) since its first phase launched in 1998.

Alienation Restriction Period

According to the current Schedule to the Housing Ordinance, the alienation restriction period of TPS flats (including resale flats sold by the HA) is five years from the date when the HA first assigns a flat to a purchaser. The alienation restriction period is not counted from the date when an individual estate was first launched for sale.

Ways to Sell a TPS Flat

A TPS flat owner can sell the flat through different ways, depending on the period of time counted from the date of first assignment:

Within first two years

For a TPS flat falling within the first two years from the date of first assignment, the owner must first sell the flat back to the HA at the list price (where there is no list price, the consideration stated in the assignment). The actual amount of the special credit (if any) granted at the time of purchase must also be returned to the HA. For administrative convenience, this will be deducted from the buyback price.

	TPS estates within the first two years from the date of first assignment

Third to fifth year

For a TPS flat falling within the third to fifth year from the date of first assignment, the owner may opt to sell the flat back to the HA at the buyback price to be assessed by the HA, which is the assessed market value at the time of offer deducting the original purchase discount. The owner must also return to the HA the actual amount of the special credit (if any) granted at the time of purchase. For administrative convenience, this will be deducted from the buyback price. If the HA declines to accept the buyback application, the owner can sell, let or assign the flat in the open market subject to payment of a premium to the HA. The owner may also opt to sell the flat to an eligible purchaser in the HOS Secondary Market without payment of a premium to the HA.

	TPS estates within the third to fifth year from the date of first assignment
	Calculation of Premium
	Premium Payment Arrangement (PDF Format, 87 KB)
	Premium Statistics

Exceeding five years

For a TPS flat exceeding five years from the date of first assignment, the owner may either sell it to an eligible purchaser in the HOS Secondary Market; or sell, let or assign the flat in the open market subject to payment of a premium to the HA.

	TPS estates exceeding five years from the date of first assignment
	Calculation of Premium
	Premium Payment Arrangement (expired the 5 year alienation restriction period)
	Premium Statistics

	Contact Information
	Support Services Section (4)
	Telephone:	2712 2712
	Address:	1/F Block 2 Hong Kong Housing Authority Headquarters 33 Fat Kwong Street Ho Man Tin Kowloon Hong Kong

New opening hours for Support Services Section (4) with effect from 1 July 2006:

Monday - Friday	8:45 am - 1:00 pm and 2:00 pm - 6:00 pm
Saturday	Closed

For enquiries after the normal office hours, you may call HA Hotline at 2712 2712.

Last revision date: 1 April 2008