Flat selection for Sale of Home Ownership Scheme Flats 2025 to commence from October 21

Flat selection for Sale of Home Ownership Scheme Flats 2025 to commence from October 21 
Flat selection for HOS 2025 to commence soon enhancing the housing ladder       
Nearly 7 000 flats in five projects with diverse locations and flat types
 
     Flats for sale under HOS 2025 include about 7 000 flats in five new HOS developments located in Kai Tak, Kam Tin, Tseung Kwan O, Ping Shan and Tung Chung respectively, with saleable areas ranging from about 26.1 square metres to about 52.0 sq m (about 281 square feet to about 560 sq ft) (see Annex 1). In addition, about 400 resale HOS flats will be offered for sale under HOS 2025.
 
Affordable pricing to facilitate home ownership
 
     The HA continues to determine the selling price of HOS flats at an affordable level, helping members of the public to step onto the housing ladder and realise the dream of homeownership. Based on the principle of setting selling prices at an affordable level, the discount rate for HOS 2025 was set at 30 per cent from the assessed market level (i.e. for sale at 70 per cent of the assessed market values).
      
     The selling prices of the flats in the new HOS developments under HOS 2025 range from about $1.5 million to about $4.8 million. Assuming a flat selling price of $2.8 million (saleable area around 36.2 sq m or 390 sq ft) with a 90 per cent of the flat price for a mortgage repayment period of 30 years at a prevailing mortgage interest rate of about 3.5 per cent, the monthly mortgage payment is about $11,300.
 
Priority flat selection for families with newborns or elderly and extra support for single applicants
 
     The order of priority for flat selection by eligible applicants will be determined by the application category, quota allocation and ballot results. Affected tenants of the HA’s announced PRH clearance projects (i.e. Wah On House, Wah Lok House, Wah Cheong House, Wah Tai House and Wah Kin House of Wah Fu Estate; Pik Hoi House, Kam Pik House and Tan Fung House of Choi Hung Estate; Geranium House and Narcissus House of Ma Tau Wai Estate and Sai Wan Estate) who would like to purchase an SSF in lieu of PRH will be accorded priority in flat selection over other applicants under HOS 2025.
      
     The HA has set a quota of 2 800 new HOS flats (i.e. about 40 per cent of the number of new flats for sale) under HOS 2025 for eligible family applicants applying under the Priority Scheme for Families with Elderly Members and Families with Newborns Flat Selection Priority Scheme for priority flat selection. Separately, to provide one-person applicants with a reasonable opportunity to purchase flats, the HA has set a quota of 700 new HOS flats under HOS 2025 for one-person applicants (i.e. about 10 per cent of the number of new flats for sale). The HOS 2025 priority sequence of different application categories is set out in Annex 2.
 
Diversified information and exhibitions for easy understanding of the developments
 
     “Sales brochures and price lists for the HOS developments will be made available for public collection at the HACSC in Lok Fu and for viewing on the HA/Housing Department’s designated website (www.housingauthority.gov.hk/hos/2025/en      
     Project models of the new developments (see Annex 3) and doll houses of HOS typical flats, virtual videos of samples of HOS flats, virtual reality tours of the interiors of samples of HOS flats, exhibition panels/electronic panels and other information on HOS developments will be available for public viewing at the HACSC in Lok Fu and on the designated website.
     
     Applicants may call the 24-hour HA Sales Hotline at 2712 8000 for enquiries.
Issued at HKT 15:00