The Hong Kong Housing Authority (HA) formally established the HOS Secondary Market Scheme (HOSSMS) in June 1997. It enables public housing tenants and Green Form Certificate holders to purchase flats sold under Home Ownership Scheme (HOS) / Private Sector Participation Scheme (PSPS) / Tenants Purchase Scheme (TPS) (hereinafter collectively referred to as HOS flats) with the date of first assignment from the third years onwards. The launch of the HOSSMS increases the turnover of HOS flats so as to satisfy the society's need of subsidised home ownership. Apart from providing more choices for public rental housing tenants and Green Form Certificate holders to own a home, more public rental housing can be recovered for allocation to families in need.
Transactions in the HOS Secondary Market are similar to that in the open market. The purchaser and the seller may negotiate on their own and conclude the deal either directly or through an estate agent. Purchasers of flats in the HOS Secondary Market will assume the liability to pay the premium if they sell their flats at the open market in the future.
In response to the aspirations of low-and middle-income families to buy their own homes, the HA launched an Interim Scheme to extend the HOS Secondary Market to White Form buyers in 2013 and 2015, and endorsed in November 2017 to regularise the Interim Scheme as the White Form Secondary Market Scheme (WSM) with effect from 2018.
Details of the HOS Secondary Market are available at the following website:
HOS Secondary Market
Application Period :
30 May 2019 – 12 June 2019
(Applications submitted before or after the application period will not be accepted. For submission by post, the submission date is determined by the postmark. Applications which are delivered belatedly or returned by post office to the applicants due to insufficient postage will not be processed.)
Office hours of the White Form Secondary Market Scheme Unit:
8:45 a.m. – 6 p.m., from Monday to Friday (excluding public holidays)
Address: Units 702 & 703, 7/F., Pioneer Place, 33 Hoi Yuen Road, Kwun Tong, Kowloon
Date of Ballot:
15 August 2019
Eligibility criteria include but not limited to the following criteria:
- Applicants may be one-person or family;
- The applicant must be at least 18 years old and must become the owner of the flat purchased, and must have lived in Hong Kong for at least seven years on the closing date (12 June 2019) of application. The applicant and his / her family member(s) listed in the application form are not subject to any conditions of stay in Hong Kong (except the condition on the limit of stay). Person(s) not having the right to land in Hong Kong cannot be included in the application form;
- Neither the applicant nor any member of the family listed in the application form has, during the period from 24 months preceding the closing date (i.e. 13 June 2017) for submitting the application and up to the time of purchase of signing the Provisional Agreement for Sale and Purchase for a flat under the Scheme, owned or co-owned any domestic property in Hong Kong;
- No member of the family or the applicant has received any housing subsidies.
Applicants and family member(s) should read carefully the Application Guide for this Scheme so as to fully understand the eligibility and other related restrictions.
|Household Size||Total monthly household
income limit (HK$)Note
|Total net household asset
value limit (HK$)
|2 persons or above||$58,000||$2,010,000|
Statutory contributions under the Mandatory Provident Fund (MPF) Scheme or other provident fund schemes are deductible from applicant’s / family member’s income for the purpose of vetting the applicant’s eligibility. (At the statutory rate of 5% of employees’ mandatory contribution and subject to a ceiling at the current maximum employees’ monthly mandatory contribution, all contributions other than mandatory contributions are voluntary and cannot be deducted).
Within two years from the date of Assignment (“the restriction period”) of the flat (the Flat) purchased by the buyers in the Home Ownership Scheme (HOS) Secondary Market / the Flat-for-Sale Scheme (FFSS) Secondary Market under the Scheme, the Flat cannot be sold under the Secondary Market Scheme for the HOS of the Hong Kong Housing Authority (HA) / the FFSS of the Hong Kong Housing Society (HS). The HA or the HS will not buy back the Flat. Flat owners can sell or let the flat in the open market after payment of premium. As to when the premium can be made, please take reference to the alienation restrictions on the individual court.
If a WSM buyer purchases a flat first sold under HOS 2019 or subsequent sale exercise, and the flat still within the ten-year restriction period, they can neither re-sell the flat in the open market nor the Secondary Market within the first two years of the transaction. An avenue for such WSM buyers to liquidate their assets in any unforeseen circumstances, individual WSM buyers may request approval from Director of Housing for exemption from the restriction for resale in Secondary Market within the first two years of the transaction where circumstances warrant. Such special circumstances include, but are not limited to bankruptcy, a significant drop in household income resulting in difficulties in making mortgage repayment, etc.
2712 8000 (handled by 1823)