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Surplus Home Ownership Scheme Flats on Sale in early January

    The following is issued on behalf of the Hong Kong Housing Authority:

     The Hong Kong Housing Authority (HA) will offer 3,056 surplus Home Ownership Scheme (HOS) flats for sale in early 2007. Applications from public housing tenants and other eligible persons will be invited between January 2 and 15.

     The HA accepted the Government's recommendation for the cessation of production and sale of HOS flats indefinitely from 2003, and undertook that the small number of unsold and returned flats would not be sold before end of 2006.

     Earlier this year, the HA decided to sell the surplus HOS flats in phases from 2007 onwards. The upcoming sale will be the first time such flats are offered ever since the moratorium.

     All flats scheduled for sale in 2007 Phase 1 are unoccupied completed flats. They are situated in Kingsford Terrace, Wong Tai Sin (1,200 units), Yu Chui Court, Sha Tin (1,489 units) and Tin Fu Court, Tin Shui Wai (367 units).

     The flats, with saleable area ranging from 39.2 to 61.6 square metres, are priced between $563,900 and $1,896,700. The prices represent a discount of 30 per cent off the assessed market values.

     The HA will carry out pre-sale defect rectification and maintenance works to bring the flats to a reasonable standard before handover. There will be a one-year defects liability period from the date of assignment of the respective flats.

     Besides the above three courts, applicants can also opt for the Hong Kong Housing Society's Kingston Terrace in Tuen Mun, which will offer 576 unoccupied completed flats for sale at the same time.

     Between January 2 and 15 2007, application forms will be available at the Hong Kong Housing Authority Customer Service Centre in Lok Fu, all public housing estate offices, the Housing Information Centre in Sham Shui Po, and all Home Affairs District Offices.

Ends/Friday, December 15, 2006
Issued at HKT 17:35