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Public Housing 'rent changed into sell' in order to help 'green form' applicants to buy property

Squarefoot Editor  2015-01-15  1.1K #Property Hit News
Hong Kong's Wen Wei Po (Reporter Chan Kong Shing,Man Sam)Except for the HOS by Housing Authority Home and HS subsidized sale flats, the policy report also proposed there should be subsidized sale flats more different patterns, perfect home buyers stepped in response to the needs of different people .The report recommends the Authority's policy to form a pilot scheme, the new housing price below the HOS who sell to 'green form'public, that existing tenants and those who have been approved for allocation of public housing, and will be priced cheaper than traditional flats, except to assisting the green form public to buy their own homes and to make public housing units to families on the waiting list for public housing. The Government is expected to 2014/15 and 2015/16 were built about 9,900 and about 23,300 public housing units. Due to Slope maintenance expensive,Shui Chuen O Estate was 'disqualified' Government sources said the pilot project HA details remain to be discussed, there is really no location and price, the only certainty is that the planned sale of the entire building will be housing, obviating the management plan for the old sale. The source stressed that the pricing who will consider the affordability of public who held green form, and in line with the Authority's financial commitment. As the village of Shui Chuen O Estate in Sha Tin is widely speculated, the source refers to the authorities had been discussed, but taking into account the estate is located near the slopes, maintenance and management of the future may involve a large amount of initial tendency not as a test. Property sales test the community response Mr Leung to attend the address Television Forum last night have said,there are many young people to apply for public housing, private housing rents are ver expansive,so the government fully understand their situation. He reiterated that to solve the problem, the government needs to develop the economy, so that they have the ability to buy property. He also explained that the construction of housing for sale to the public who are holding green form,which is going to test the social reaction,expected the public can according to their ability to solve their housing needs. Asked that as for the sale of new public housing units to the public who are holding green form mismatch of resources or not,Mr. Leung responded refers to strike a balance between Green Form and White Form applicants understand the question whether someone should have the dual benefits of public housing tenants, but he stressed plans to make public housing tenants vacate units to waiting list. He also admitted that the current practice is really stretched, less is more effective to increase housing supply. PRH households said needed to sell own unit in order to buy a new unit Sectors reflect different pilot scheme. A family of four decades of public rental housing in Sha Tin Mrs.Chan said,although once considered buying HOS flats, but busy with household chores, so no attention HOS message. She said her husband and his family lucky early allocated flats now live, with the Sha Tin New Town has become the government development, continuous improvement of living conditions in the region make,'Sha Tin are convenient to everywhere, there are buses out of Mongkok,the Kwun Tong,or even Hong Kong Island,even to go to the train station (MTR station) lines only 15 minutes.' She bluntly, even if the property purchased want to buy property along the MTR, convenient access to the family, but they can not afford the high prices, "To be honest it is difficult to find another such ideal residence unit,unless the government sell our public flat,so we can buy a new unit,otherwise the rest places seem more remote.' Wong Kun said to help public buying homes will increase public housing transfer Chairman of the public housing Federation Wong Kun said that although the entire policy report have no surprise, but the sale of public housing really helps the public to buy home and to increase the circulation of public housing. He said the average cost of housing in each of about HKD $700,000,30% lower than the HOS,thinking that the Government may consider to buy 60% to 70% of the market prices, it is estimated the sale of flats in each price range from HKD $1.5 million to HKD $2 million,but popular and otherwise depends on the location and pricing. Director of the Center for Social Policy Studies PolyU Chung Kim Wa believes that the proposal failed to alleviate the housing shortage in Hong Kong, but also can not help young people and the public housing waiting list or ineligible to apply for HOS sandwich class home buyers.Chung Kim Wa said the Government had stretched on housing policy measures to address many of the long-term land use planning in the last year,was also mentioned. He described the authorities' blueprint although beautiful,but in need of housing, looking for places was difficult,it will be difficult to solve the housing problem in the short term period of time.
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