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Home Ownership Scheme

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Harbour Place ( Chinese : 海濱南岸 ) is a private housing estate in Hung Hom , Kowloon , Hong Kong .

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42-520: The Home Ownership Scheme ( HOS ) is a subsidised-sale public housing programme managed by the Hong Kong Housing Authority . It was instituted in the late 1970s as part of the government policy for public housing with two aims – to encourage better-off tenants of rental flats to vacate those flats for re-allocation to families in greater housing need; and also to provide an opportunity for home ownership to families unable to afford to buy in

84-440: A bowling alley, games room, movie theater, karaoke room, gym, basketball, tennis, badminton courts and both indoor and outdoor swimming pools. In August 2008, Leung Chin-man , former Permanent Secretary for Housing, Planning and Lands (Housing) and Director of Housing, joined New World China Land as executive director and vice-chairman of the company. This raised public concern on conflict of interest since Leung involved in

126-626: A censure for housing director Tony Miller. The construction of 2 blocks of Yu Chui Court in Sha Tin was delayed as it had to be demolished and rebuilt at an estimated cost of HK$ 250 million. The Wai Kee Group was implicated, and some of its companies were delisted from Government projects following the publication of the Strickland Report. Public housing units in Home Ownership Scheme housing estates are subject to sale restrictions under

168-451: A city". The estate of 6,200 flats, constructed on a site of 21 acres (85,000 m ) and capable of housing 46,000 people, offered a self-contained environment complete with commercial amenities ranging from markets and barber shops to banks. This represented an innovation in that the commercial premises would serve the local estate, while paying a rent determined by public tender. Banks, restaurants, and other large premises would be let out on

210-403: A five-year contract, competing on a monthly rental offered, while tenants for smaller premises would compete on premium paid based on fixed monthly rentals. Unlike the generations of housing estates which preceded it, there would be designated market stalls and cooked-food stalls. Street vendors would be no longer be tolerated. In 1980, the government launched the first batch of public housing in

252-550: A major fire in Shek Kip Mei destroyed the makeshift homes of refugees from Mainland China , leaving more than 50,000 people homeless. After the fire, and facing a surge of immigrant population, then governor Alexander Grantham launched a public housing program to introduce the idea of "multi-storey building" for the immigrant population living there, thus commencing a programme of mass public housing, providing affordable homes for those on low incomes. Some scholars have argued that

294-598: A member of the Democratic Party stated that without increasing land supply, the government would continue to fall short of its target. In December 2020, Secretary for Transport and Housing Frank Chan announced that the next target would be 430,000 total units over the next 10 years, down from the 450,000 target specified in 2018. This means an annual target of 43,000 total units, with the same 70% public and 30% private target ratio. In July 2021, Adam Kwok Kai-fai, an executive of Sun Hung Kai Properties , suggested that

336-545: Is 90 000 units. The following is a list of selected public housing estates and their specificities: Several public housing estates have received awards from the Hong Kong Institute of Architects : Harbour Place Formerly called Hunghom Peninsula ( 紅灣半島 ) and built on the reclaimed land of Hung Hom Bay , it was an HOS estate comprising 2,470 flats completed by the Hong Kong government in 2002. Since

378-642: Is a major component of housing in Hong Kong , with nearly half of the population now residing in some form of public housing. The public housing policy dates to 1954, after a fire in Shek Kip Mei destroyed thousands of shanty homes and prompted the government to begin constructing homes for the poor. Public housing is mainly built by the Hong Kong Housing Authority and the Hong Kong Housing Society . Rents and prices are significantly lower than those for private housing and are heavily subsidised by

420-583: The Home Ownership Scheme , thereby allowing low-income families to own their homes for the first time. A new town to be constructed on 240 hectares of reclaimed fishponds and wetland was conceived in 1987 to house 140,000 people. Since Tin Shui Wai was entirely a virgin development, it was conceived with wider walkways and larger open areas when compared to other urban developments in Hong Kong. A 1988 crime survey reported that crime rates were lower in

462-469: The 10 year targets did not have accountability, and that officials should set up a committee to oversee progress towards meeting the 10 year targets, with a government official held accountable if the targets were not met. Public housing estates in Hong Kong may be rented or sold under various government subsidy programmes, and are generally subject to a range of restrictions and eligibility requirements. They also vary in scale, and are built and managed under

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504-403: The 10 years after 2018, with 315,000 to be public, and 135,000 to be private. SCMP noted that these were only targets, and that "Since 2014, the government has never hit its target of building enough public flats. The public housing units provided in the past four years only accounted for 47 per cent of the actual number of homes built, falling short of the 60 per cent target." Additionally,

546-659: The Director of Housing. In 2002, developers complained of weakness in property prices, claiming the housing marketplace was largely distorted by excessive unfair competition from schemes such as the HOS. It was pointed out that a public rental tenant moving into a second-hand HOS flat would receive three lots of subsidies. Government halted the PSPS, developments which were in progress at the time were either transformed into public housing, or sold off to private developers. Construction of new HOS estates

588-429: The HOS programme. The Housing Authority started to offer surplus HOS flats for sale in batches until 2011. In 2011, the government announced the Home Ownership Scheme again because of the aspiration for home ownership. Over 460,000 subsidised housing flats have been sold until now. In 2000, the scheme was caught up in a short-piling scandal which resulted in the resignation of Housing Authority chief Rosanna Wong , and

630-476: The Home Ownership Scheme would be stopped. The Housing Authority stopped sale of HOS and PSPS flats for ten months until end of June 2002. Donald Tsang, the Chief Secretary for Administration announced that the sales of HOS flats would not exceed 9,000 a year up to 2005–06, subject to the continuing need to avoid competition with the private sector residential market. Thereafter, they expected more radical cuts in

672-603: The Housing Ordinance. The Home Ownership Scheme Secondary Market is only open to eligible low-income residents and low-income tenants of rental public housing. Three years after being assigned HOS public housing units, owners are allowed to obtain a certificate from the Housing Authority to place their homes in the HOS Secondary Market, without paying the subsidised land premiums (normally 35–50 per cent discount to

714-416: The average waiting time to 3 years by the year 2005. The average waiting time for general applicants was 5.6 years. As of July 2021, the average waiting time had increased to 5.8 years, the longest average waiting time in more than 20 years, with more than 253,000 applicants on the waiting list. Frank Chan , Secretary for Transport and Housing, said that it might take up to 20 years to substantially reduce

756-402: The basic design of H-shape. In those early days, housing units were little more than small cubicles, and the original plan was to allocate 24 square feet (2.2 m ) per adult and half that for each child under 12. However, they were in reality often occupied by more than one family, due to the extreme shortage of available housing. Facilities and sanitation were rudimentary and communal, like

798-548: The bath rooms and laundry areas, were located in the cross bar of the "H", linked the residential wings on two sides. Rents were pitched at between HK$ 10 and 14, without caps on income. That year, the Resettlement Department was formed, as was the first Housing Authority (sometimes referred to as "former Housing Authority"), out of the Urban Council , through enactment of the 1954 Housing Ordinance. The demolition of

840-590: The blocks of the public housing estates, including: According to the Cooperate Profile from Hong Kong Housing Authority in September 2014 and Hong Kong Housing Society info bank in June 2015: The Government updated the long term housing supply target to 480 000 units for the ten-year period from 2015/16 to 2024/25. Among them, the target for PRH is 200 000 flats while that for subsidised sale flats (mainly HOS flats)

882-594: The buildings of Shek Kip Mei Estate was started from 2007, and has now been extensively redeveloped. Today, all H-shaped resettlement blocks have had to be demolished, with only the Mei Ho House still standing. In 1961, the "low-cost housing" scheme was introduced through the construction of 62,380 flats (capable of housing 363,000 people with monthly household incomes of no more than HK$ 600) in 18 estates, while HA accommodation would be available to those whose household incomes were between $ 900 and $ 1500. In 1963, due to

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924-449: The demand of citizens. This has led to many citizens who are unable to afford private housing to seek accommodation in subdivided flats and bedspace apartments . As at end-September 2020, there were about 156 400 general applications for PRH, and about 103 600 non-elderly one-person applications under the Quota and Points System. In 1998, the government under Tung Chee-hwa pledged to reduce

966-516: The developers decided not to demolish the buildings and renovate existing flats and upgrade facilities instead. In 2008, the extensive renovation and refurbishment of what was once a public housing estate into a luxury residential complex was completed, the flats renamed to Harbour Place ( 海濱南岸 ) and were sold to the public. Harbour Place comprises seven towers with a 64,000 square feet (5,900 m ) clubhouse with food and beverage service and an independent shopping arcade. Harbour Place also offers

1008-499: The fire. The government started to build resettlement blocks to house the victims. The government announced a Ten- year Housing Program and established the Hong Kong Housing Authority to manage the public housing. From 1978 to 2003, the government ran the Home Ownership Scheme for PRH residents and low&middle income families. The first such plan was launched in 1978 and the first batch of flats became available in 1980,

1050-847: The first estates being Yuet Lai Court in Kwai Chung , Shun Chi Court in Kwun Tong , Shan Tsui Court in Chai Wan , Chun Man Court in Ho Man Tin , Sui Wo Court in Sha Tin and Yue Fai Court in Aberdeen . In 1987, forecasting that the demand for home-ownership was on the rise, the Government launched a plan to redevelop the older housing estates, and introduced a greater choice of apartments available for purchase by public housing tenants. A Home Purchase Loan Scheme

1092-453: The government decided to suspend the scheme, Hunghom Peninsula was sold to Sun Hung Kai Properties and New World Development in February 2004. In November 2004, the developers decided to demolish and rebuild the buildings. The environmentalists , legislators and citizens were worried about the waste pollution and strongly opposed the plan. One month later, due to public concerns,

1134-504: The government has been overstating the role of the fire in the history of public housing in Hong Kong. For example, Faure argues that Grantham was concerned with introducing subsidised housing as early as 1949, but encountered opposition from Chinese members of the Legislative Council. The Shek Kip Mei Estate , ready for occupation in 1954, was the first tangible manifestation of this policy. These resettlement blocks were built in

1176-478: The government to pause the construction of new Home Ownership Scheme estates. The Hong Kong government announced the resumption of the HOS programme in 2011 in response to public discontent over the territory's high housing prices. A new series of HOS estates were inaugurated in 2017, and more are under construction. In 1953, a fire broke out in the Shek Kip Mei squatter area. Over 53,000 people were homeless after

1218-737: The government, with revenues partially recovered from sources such as rents and charges collected from car parks and shops within or near the residences. Many public housing estates are built in the new towns of the New Territories , but urban expansion has left some older estates deep in central urban areas. They are found in every district of Hong Kong except in Wan Chai District . The vast majority of public housing are provided in high-rise buildings , and recent blocks usually comprise 40 or more storeys . The government has in recent years begun to prioritise economic benefit rather than meeting

1260-537: The ground floor could reach the 8th and the 13th floors. In 1973, the Government of Hong Kong announced a ten-year plan for the public provision of housing, to provide everyone in Hong Kong with permanent, self-contained housing with a target of housing. The objective was to provide 1.8 million people with "satisfactory accommodation". The Government saw as its responsibility to provide accessible housing for "the poor" – defined as those whose monthly household income

1302-721: The original purchase. As an ancillary scheme, the Housing Authority also entered into arrangements with local private developers to provide property for sale under the Private Sector Participation Scheme (PSPS). Between 1995 and 2000, the Hong Kong Housing Society also offered the Sandwich Class Housing Scheme for lower middle class families whose incomes exceeded the Home Ownership Scheme requirements, but still had trouble affording private housing. In 2002, falling real estate values led

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1344-420: The prevailing market). Owners who have sold their HOS public housing units will no longer be eligible for any form of public housing. In general, they are allowed after five years to apply to place their homes in the HOS Secondary Market without paying subsidised land premium, or to apply for removal of sale restrictions by first paying the full subsidies and the land premiums to the Housing Authority, as decided by

1386-408: The private sector. Under the scheme, the government sells flats to eligible public housing tenants and to lower-income residents at prices below the market level, with discounts usually between 30 and 40 per cent. It restricts resale of the units in the second-hand market to other families who qualify or, on the open market, after payment of a premium equal to the updated value of the discount given on

1428-445: The public housing estates of Hong Kong than in private housing areas. The government sets a Long Term Housing Strategy every year, which plans housing units for the next 10 years. In 2014, the government's target for public and subsidized flats vs private housing units was set at 60% and 40%. In 2018, the target was changed to 70% public and 30% private. Under that ratio, the government projected 450,000 total flats to be developed in

1470-446: The rapid escalation of squatter numbers, squatters' eligibility for public housing was frozen, and future squatter areas came under licensing per the 1964 White Paper. The settlements of these squatters on the urban fringe were cleared in order to provide housing and industrial sites. With the formation of this ad hoc resettlement scheme, it later evolved into a policy tool to support the burgeoning manufacturing industry. The Housing Board

1512-759: The responsibility of the Hong Kong Housing Authority and the Hong Kong Housing Society. According to the 2006 census, 3.3 million people or 48.8 percent of the population of Hong Kong lived in rental or subsidised-sale public housing; within that group, 31 percent lived in public rental housing, 17.1 percent lived in Housing Authority subsidised-sale flats and 0.7 percent lived in Housing Society subsidised-sale flats. For 2024 records, see here: 30.5% lived in public rental housing, 15.6% lived in subsidized home ownership housing, and 0.9% lived in temporary housing (Source: < https://www.censtatd.gov.hk/en/web_table.html?id=130-06603 >). Several designs have been used for

1554-478: The waiting time. In the 1920s and 1930s, many Mainland Chinese flooded into Hong Kong, resulting in a serious shortage of housing. Thus, in the Housing Committee Report of 1935, the colonial government proposed to build some low-cost housing for the public to solve this problem. However, as Hong Kong was facing an economic downturn at that time, the proposals were not implemented. On 25 December 1953,

1596-480: Was between HK$ 2,100 (for a family of 3) and HK$ 3,150 (for a family of 10). In 1975, the Government officially opened the Oi Man Estate . The blocks were built in twin-tower layout with two square blocks interlocked together. There were sixteen large and small units on each floor of the block, and each flat with its own kitchen and toilet inside. The housing estate was also built on a concept of "a little town within

1638-419: Was introduced with, initially, a quota of 2,000 loans of HK$ 50,000 interest-free to make the downpayment on their new private-sector homes. In December 1991, there was a huge rush to buy 6,452 Housing Authority properties in 17 projects. Flats were to be sold at a discount of 40 per cent, the most attractive for several years. On 3 September 2001, Dr. Michael Suen Ming Yeung, the Chief Secretary, announced that

1680-522: Was met by public outcry over the needless destruction of "perfectly good buildings" to satisfy "corporate greed". In an unprecedented about-turn, the developers withdrew the plan on 10 December 2004. The buildings were substantially renovated instead. Public housing in Hong Kong Public housing in Hong Kong is a set of mass housing programmes through which the Government of Hong Kong provides affordable housing for lower-income residents. It

1722-454: Was set up with the role of coordinating between agencies responsible for domestic housing. It made recommendations to have annual evaluations of supply and demand of housing, as well as increasing the minimum standard floor area per person to 35 sq ft (3.3 m ). Lower Ngau Tau Kok Estate , built between 1967 and 1970, was among the first group of resettlement estates built with lifts . All blocks were 16-floor high, and lifts from

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1764-562: Was suspended in November 2002, and it was also announced that the TPS would end. One PSPS project, the 2,470 flat Hung Hom Peninsula built by New World Development and Sun Hung Kai Properties, was sold for a below-market land premium of HK$ 864 million to New World Development , who subsequently sold off half share to Sun Hung Kai Properties . In 2004, the consortium announced the demolition of these buildings to make way for luxury apartments, which

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