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|  | The surplus HOS flats will be offered for sale to both GF and WF applicants with a quota allocation ratio of 80:20; and a more flexible GF / WF split may be allowed during the sales exercise, having regard to the take-up situation.(The HA has approved that the quota allocation ratio for GF and WF applicants in the sale of surplus HOS flats Phase 6 launched in June 2010 be revised to 60:40.)
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| | In the flat selection process, family households are allowed to select flats before one-person households, and families or one-person households affected by HA-initiated clearance programme are allowed to select flats before other families or one-person households respectively. To strengthen the support for families with elderly persons as advocated in the 2006 Policy Address, GF families with elderly persons and WF nuclear families with elderly persons will be accorded priority in the ordinary GF and WF queues respectively.
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| | If GF applicants who obtained a public rental housing (PRH) unit through the Express Flat Allocation Scheme (EFAS) launched from 2007/08 onwards apply for the purchase of surplus HOS flats within 3 years from intake of their PRH unit, they will be treated as if they were WF applicants in the flat selection order, and any surplus HOS flats taken up by this category of GF applicants will be counted against the WF quota.
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| | The income and asset limits for WF applicants will be set according to the established methodology and reviewed annually.
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| | The previous guiding principle (i.e. a mortgage-to-income ratio of not more than 40%, and 50% of the flats being affordable to the target group) and general guideline of offering a discount of 30% of market value will be followed in setting the price.
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| | HA will decline all buyback offers for the surplus HOS flats sold from 2007 onwards.
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| | The provision of mortgage guarantee in respect of loans granted by banks and other authorized financial institutions for the purchase of HOS flats will be continued.
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| | Mortgage subsidy will not be offered to purchasers of the surplus HOS flats.
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| | A defect rectification and maintenance programme will be carried out at the surplus HOS flats to bring them to a reasonable standard before sale.
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| | A defects liability period (DLP) of one year from the date of assignment of individual flats will be offered for unsold flats, while no DLP will be offered for returned flats.
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| | The structural safety guarantee (SSG) of 10 years (or 20 years for projects in Tin Shui Wai) from the date of building completion will be maintained for the surplus HOS / Private Sector Participation Scheme developments, except that for the 28 unsold blocks, SSG of 10 years (or 20 years for projects in Tin Shui Wai) counting from the commencement date of the flat selection period of the first sales phase for each unsold block will be provided.
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