When Hong Kong’s Housing Authority launched the Tenants Purchase Scheme (TPS) in 1998, it embodied the city’s aspiration of home ownership for all. Then the chief executive, Tung Chee-hwa, envisioned public housing tenants buying their flats at a discount, transforming renters into homeowners. That year, the first batch of 25,000 flats was rolled out. In…
Hong Kong authorities have launched a survey to gauge the long-term rehousing preferences of flat owners displaced by the devastating Tai Po fire, offering options for new subsidised homes outside the district as early as September this year. The survey, obtained by the Post, revealed that redeveloping the original Wang Fuk Court into new residential…
Hong Kong housing authorities will sell more than 9,700 new subsidised flats sized at least 280 sq ft under two separate schemes next year at prices as low as HK$1.5 million (US$193,000), the Post has learned. Insiders said on Wednesday that the Housing Authority, the city’s main public housing provider, would offer 9,783 new subsidised…
Hong Kong’s leader is expected to relaunch a scheme allowing public flat tenants to buy their homes as part of his policy address, but observers have raised concerns about settling property management disputes and called for a review of the subsidised housing regime. Insiders told the Post on Friday that Chief Executive John Lee Ka-chiu’s…