(Journalist Liao Ying-qi) Hong Kong Housing Society's Greenview Villa which is subsidize selling house project in Tsing Yi deliveries applying forms and opens sample unit from today. The applying will be accepted from next Friday. It is estimated that the project will be finished at the beginning of 2015. 988 units sale at 70% of the market price. The sq ft prices are from HKD5,841 to HKD7,402 and the admission is about HKD 2.46 million. The Hong Kong Housing Society predicted the feedback will hot and applying volume will exceed 10 times. It will take more than HKD 3 billion cash in for Hong Kong Housing Society. The "King House" this time is located in unit F, 38th floor, building 3. It is 3 rooms unit in cover area of 696 sq ft and the price is about HKD 5.15 million. There are about 20 of 3 rooms units taking 25% of the total. The price of this kind of unit is above HKD 5 million which exceed the affordability of " White Form" applicants. So it is estimated that these units will be easily got by "Green Form" applicants.
The sample units of Greenview Villa are located in Cheung Sha Wan sales office and opened from today to January 25th next year. At the same time, they delivery the apply forms, price list, data of units and sale arrangement. The visitors can take photos or measure the sizes in sample units. Citizens can get the data from Hong Kong Housing Society's regional office in Wun Sha Street, Tai Hang and each house office under Hong Kong Housing Society and Housing Authority, or can download the data from Greenview Villa's website.
The applying will end in the middle of next month. They will drow lot in the end of next February.
Applicants can submit the applying forms from next Friday to 18th, January, next year. Hong Kong Housing Society will draw lot and publish the result in the end of February. House selection will be in middle of April. Buyers need to sign preliminary sale and purchase agreement and pay 5% of the house price as " deposit" at the same time. Formal sale and purchase agreement must be signed and another deposit which also 5% of the house price paid within 5 days later. If applicant applies for the plan of white form applicant buying second hand Home Owner Ship in free premium in same time, the white form qualification repealed when the applicant wins and signs the sale and purchase agreement of unit in Greenview Villa.
Data of cover area did not listed and the utility ratio is more than 80%.
To coordinate with the implementing of " New residential property selling regulations" next year, two sample units are both in condition of standard handover units without furniture which called " Clean House". They are 1 room layout and 2 rooms layout with usable cover areas between 449 sq ft and 535 sq ft. Lao Lian-fa, the senior manager of Hong Kong Housing Society (Project planning and development) expressed, they did not supply cover area data this time because they do not want to cause confusion. He emphasized the utility ratio exceeds 80%.
Greenview Villa is located in Tsing Luk St., Tsing Yi. The project has 3 buildings in 38 floors and supplies 988 small and medium residential units in total. The usable areas are between 421 sq ft and 696 sq ft. Thereinto, 77% of the units are in 2 rooms layout. They are 760 units among 3 buildings in usable areas between 535 sq ft and 549 sq ft. The sq ft price is above from HKD 5,658 and the admission is about HKD 3.1 million. All 76 of 3 rooms units are in 696 sq ft and located in unit F of building 2 and 3. They are all face south. The sq ft price is about above from HKD 6,000 and the price between HKD 4.22 million and HKD 5.15 million. The most expensive " King House" is in unit F, 38th floor, building 3. Since it is high floor unit, so it is estimated the unit has full view which is mainly mountain view and sea view of Rambler Channel. As for one room unit, they have 152 units which all located in building 1. Unit B, C, D and E face north and the usable areas are from 421 sq ft to 449 sq ft. The cheapest unit is about HKD 2.46 million. It is unit B in building 1 viewing Tsing Yi Estate nearby.
Strive 90% of mortgage for buyers.
Since it belong to subsidize house, so the the apply qualification is unlimited. Public house lessees apply by " Green Form" without upper limit of income and capital. Other families and single people can use " White Form". For family, the upper limit of monthly income is HKD 40,000 and the upper limit of capital is HKD 830,000. For single people, the upper limit of monthly income and capital are separately HKD 25,000 and HKD 500,000. The applicants must be Hong Kong people who have lived in Hong Kong for more than 7 years and haven't any residential property for the last two years. And there is reselling limit for buyers. The ratio of family and single applicants is 9 : 1. Single people applicants can not choose three rooms units.
Lao Lian-fa expressed, Hong Kong Housing Society still discusses with different banks about mortgage arrangement and they will try to strive 90% mortgage for buyers. But the detail arrangement will depend on buyers' repaying capacity. And the premium will be the price difference between property price and market price published by Rating and Valuation Department when the day buyer sign the preliminary sale and purchase agreement with Hong Kong Housing Society.
