Hong Kong Housing Authority and Housing Department

Ways to Sell a GSH Flat

Ways to Sell a GSH Flat

Owners of Green Form Subsidised Home Ownership Pilot Scheme/Green Form Subsidised Home Ownership Scheme 2018 (GSH) flats can sell the flat through different ways, depending on the period of time counted from the first deed of assignment of the flat from the Housing Authority (HA) to an owner (date of first assignment):

Within the first two years from the date of first assignment:

Green Form Subsidised Home Ownership Scheme Pilot Scheme (King Tai Court)

The owner has to offer to sell the flat to the HA.  Under existing policy, the HA will not buy back the flat, but will exercise the power under the Housing Ordinance (Cap. 283) to nominate a buyer.  The flat is to be assigned to a nominee of the HA at the original purchase price in accordance with the procedures and requirements as from time to time stipulated by the HA.  The HA will issue a certificate certifying the flat owner’s eligibility to find a potential purchaser (who needs to be a buyer holding a Green Form Certificate of Eligibility to Purchase (GF CEP holder)) and the owner has to identify at his/her own costs and expenses a potential purchaser who will apply to the HA for nomination.  If (i) no application for nomination is made to the HA or if all submitted applications are unsuccessful with no nomination being made by the HA within 6 months from the date of receipt of the offer to sell the flat to the HA; or (ii) after a Letter of Nomination has been issued by the HA the assignment of the flat is not completed within 4 months from the date of such nomination, whichever is the later, the owner may sell the flat in the open market after payment of premium. If the owner does not wish to sell the flat in the open market, he/she may make a new offer for sale of the flat to the HA.

Green Form Subsidised Home Ownership Scheme 2018 (Lai Tsui Court)

The owner has to offer to sell the flat to the HA. Under existing policy, the HA will not buy back the flat, but will exercise the power under the Housing Ordinance (Cap. 283) to nominate a buyer. The flat is to be assigned to a Green Form buyer to be nominated by the HA at the original purchase price in accordance with the procedures and requirements as from time to time stipulated by the HA. The owner is required to pay the required administrative fee for the application for offer to sell. 

Between the third to the fifth year from the date of first assignment:

Green Form Subsidised Home Ownership Scheme Pilot Scheme (King Tai Court)

The owner may sell the flat in the Home Ownership Scheme Secondary Market to a GF CEP holder nominated by the HA without payment of premium and at his/her own negotiated price.

The owner may also offer to sell the flat to the HA.  Under existing policy, the HA will not buy back the flat, but will exercise the power under the Housing Ordinance (Cap. 283) to nominate a buyer.  The flat is to be assigned to a nominee of the HA at the price assessed by the Director of Housing (which is the market value as assessed by the Director of Housing at the time when the offer to sell the flat to the HA was made, less the original discount when the flat was purchased from the HA) in accordance with the procedures and requirements as from time to time stipulated by the HA.  The owner will need to apply for assessment of the price of the flat and pay the required administrative fee.  The HA will issue a certificate certifying the owner’s eligibility to find a potential purchaser (who needs to be a GF CEP holder), and the owner has to identify at his/her own costs and expenses a potential purchaser who will apply to the HA for nomination.  If (i) no application for nomination is made to the HA or if all submitted applications are unsuccessful with no nomination being made by the HA within 6 months from the date of receipt of the offer to sell the flat to the HA, or (ii) after a Letter of Nomination has been issued by the HA the assignment of the flat is not completed within 4 months from the date of such nomination, whichever is the later, the owner may sell the flat in the open market after payment of premium. If the owner does not wish to sell the flat in the open market, he/she may make a new offer for sale of the flat to the HA.

Green Form Subsidised Home Ownership Scheme 2018 (Lai Tsui Court) 

The owner may either offer to sell the flat to the HA or sell the flat in the HOS Secondary Market to a Green Form buyer to be nominated by the HA without payment of premium and at his/her own negotiated price.

If the owner offers to sell the flat to the HA, under existing policy, the HA will not buy back the flat, but will exercise the power under the Housing Ordinance (Cap. 283) to nominate a buyer. The flat is to be assigned to Green Form buyer to be nominated by the HA at the price assessed by the Director of Housing (which is the market value as assessed by the Director of Housing at the time when the offer to sell the flat to the HA was made, less the original discount when the flat was purchased from the HA) in accordance with the procedures and requirements as from time to time stipulated by the HA. The owner will need to pay for the administrative fee for the application for offer to sell and for assessment of the price of the flat. 

After five years from the date of first assignment:

Green Form Subsidised Home Ownership Scheme Pilot Scheme (King Tai Court)

The owner may sell the flat in the HOS Secondary Market to a person nominated by the HA who may be a Green Form or White Form buyer without payment of premium and at his/her own negotiated price.

The owner may also sell the flat in the open market after payment of premium.

Green Form Subsidised Home Ownership Scheme 2018 (Lai Tsui Court)

The owner may sell the flat in the HOS Secondary Market to a Green Form buyer to be nominated by the HA without payment of premium and at his/her own negotiated price.

The owner may also sell the flat in the open market after payment of premium.

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