Approval letters to be issued to successful applicants under White Form Secondary Market Scheme 2024
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Following the ballot for the White Form Secondary Market Scheme 2024 (WSM 2024) drawn on April 24, 2025, the Hong Kong Housing Authority (HA) will begin issuing Approval and Confirmation Letters tomorrow (October 10) to the successful applicants who have passed detailed vetting of their eligibility.
The HA's Subsidised Housing Committee endorsed in January 2025 that starting from WSM 2024, the quota will increase significantly by 1 500 to 6 000. All of the 1 500 additional quotas will be allocated to young applicants aged below 40 under the Youth Scheme (WSM) in order to encourage young people to move up the housing ladder. Among the applications received, over 80 per cent came from young applicants opting to join the newly implemented Youth Scheme (WSM), clearly demonstrating that the scheme is well received by young applicants.
"Each successful applicant will be issued with one Approval Letter and two Confirmation Letters. One Confirmation Letter is applicable to the HA's Home Ownership Scheme (HOS) Secondary Market, while the other is applicable to the Hong Kong Housing Society (HKHS)'s Flat-for-Sale Scheme (FFSS) Secondary Market. Within six weeks from the date of issuance, holders of Approval Letters may submit the Confirmation Letters to the HA and/or the HKHS for application for the Certificate of Eligibility to Purchase (CEP) to purchase a flat with the premium not yet paid in the HA's HOS Secondary Market or the HKHS's FFSS Secondary Market," a spokesman for the HA said today (October 9).
"The CEP is valid for 12 months from the date of issuance, and no extension will be granted upon its expiry. To complete the transaction, holders of the CEP need to apply for a Letter of Nomination from the HA or the HKHS after they have entered into a Provisional Agreement for Sale and Purchase (PASP). The applicant and the family member(s) named in the application form must meet the eligibility criteria of WSM 2024 from the submission of the application form up to the date of signing the PASP. Moreover, subsidized sale flats (SSFs) shall be occupied by the owner and all members of the family named in the Application Form for the purchase of the flat," the spokesman said.
The list of successful applications will be uploaded tomorrow to the website for WSM 2024 (www.housingauthority.gov.hk/wsm/2024).
The HA has enhanced the mortgage arrangements for SSFs by extending both the maximum mortgage guarantee period and mortgage repayment period, allowing purchasers to have mortgage loans of longer tenure. The relaxation measures applicable to the secondary market have been implemented since March 1, 2024. Details are available on the website for WSM 2024.
Ends/Thursday, October 9, 2025
Issued at HKT 14:30
Issued at HKT 14:30
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