Eligibility
Subject to detailed eligibility criteria on age, family composition, residence rule, etc. to be announced by the Housing Authority prior to the launch of each sale exercise, the following categories of persons are eligible for Green Form status in buying Home Ownership Scheme flats -
Subject to detailed eligibility criteria on age, family composition, residence rule, income and asset limits, property ownership restriction, etc. to be announced by the HA prior to the launch of each sale exercise, the following groups should be eligible for applying on White Form (WF) status:
(a) |
Households living in private housing; |
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(b) |
Family member(s) of households living in public rental housing (PRH) units under the Hong Kong Housing Authority (HA) or Rental Estates under the Hong Kong Housing Society (HS), or any subsidised housing scheme units; and |
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(c) |
Flat owners and all their authorised family member(s) under the HA’s Tenants Purchase Scheme (TPS) for less than 10 years (from the date of Assignment of his/her TPS flat with the HA) can apply for the purchase of a flat under the current sale exercise (Only applicable to the purchase of HOS flats of the HA, not applicable to the purchase of SSF of the HS), with no restriction on income and net asset limits and domestic property ownership but subject to the following conditions : |
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(i) Flat owners and all authorised family member(s) under the TPS flats must apply as a whole. The applicant can be the owner/ joint-owner/ family member of the relevant TPS flat. |
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(ii) The purchase of a flat under the current sale exercise is conditional upon the owner(s) being able to complete the formalities for execution of the deed of assignment of the TPS flat currently owned and occupied within three months from the date of signing the ASP for the purchase of a HOS flat, or within the one-off extension of three months as may be granted by the HA before attending the formalities for the completion of the sale and purchase and paying the balance of the purchase price of the HOS flat purchased. In case the formalities for execution of the deed of assignment of the TPS flat could not be completed after a lapse of three months or within such extended period as granted by the HA, the respective ASP shall be null and void and the deposit paid for purchasing the HOS flat will be refunded without interest after deduction of administrative and legal charges by the HA. The HA may re-sell the HOS flat to other applicants. Please note: the applicant and his/ her family member(s) shall be responsible for any expenses incurred from the sale of the TPS flat. They shall arrange accommodation on their own during the period from the completion of the sale of the TPS flat that they are occupying to the intake of the HOS flat purchased by them. The HA and the Housing Department (HD) shall not be held responsible for any expenses or loss so incurred. |
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(iii) Even if the applicant or the family member(s) listed in the application own(s) two TPS flats, only one flat under this sale exercise may be purchased. Upon successful purchase of a flat, they must sell both of their TPS flats in compliance with paragraph above within the specified period. |