Flat for Flat Scheme for Elderly Owners
To make more effective use of existing housing resources, encourage the circulation of subsidised sale flats (SSF) and provide the elderly owners with an option to flexibly allocate their assets to support their living, the Chief Executive announced in the 2025 Policy Address that the Hong Kong Housing Authority (HA) would implement the “Flat for Flat Scheme for Elderly Owners”.
The “Flat for Flat Scheme for Elderly Owners” to be launched by HA will expand upon the Pilot Scheme of the Hong Kong Housing Society (HKHS). For the SSF under HA, if both the owner(s) and the listed family member(s) are all aged 60 or above and the owner(s) 1 has/have owned the original flat for ten years or more as of the date of signing the application form for the Trade Down Permit (TDP), the owner(s) may, after selling the original flat with premium unpaid in the Secondary Market, purchase a flat again that is either smaller in terms of saleable area or located in a more remote area (only one of the conditions needs to be met) in the Secondary Market. The areas are divided according to the four public rental housing districts, namely, Urban, Extended Urban, New Territories, and Islands. Please click the following link for eligibility criteria and other details.
https://www.hkhs.com/en/application/flat-for-flat-scheme-for-elderly-owners
Note 1: It is counted from the date of signing the Deed of Assignment in respect of the original flat. If the original flat is co-owned by two or more joint owners, the calculation shall be based on the owner with the longest period of ownership. If the applicants acquire the ownership in the capacity as the beneficiaries of the estate of the deceased owner, the title of the original flat must have reached ten years or above from the date of the Deed of Assent by virtue of which the beneficiaries of the estate of the deceased owner acquired the original flat.
