Radiant Towers ( Chinese : 旭輝臺 ) is a private housing estate in Po Lam , Tseung Kwan O , New Territories , Hong Kong, developed by Hong Kong Housing Society .
5-646: The estate is one of the Society's Sandwich Class Housing Scheme projects converted to private developments. It was sold to the public in early 1997 at a discounted price of HK$ 2,700 per square foot, compared to the HK$ 4,000 market value at that time. In 1996, the Hong Kong Housing Society had received 6,520 applications for the purchase of a batch of 1,696 units in Radiant Towers and Marina Habitat . Radiant Towers
10-442: The owners under Sandwich Class Housing Scheme must pay a land premium before they can sell their flats in the free second-hand property market. The housing estates built under the scheme were: (number of apartments and year of completion into brackets) Three developments were converted into private properties for sale at full market values: Land reallocated to Housing Authority : Demand for Sandwich Class Housing apartments
15-575: Was a scheme from the Hong Kong Housing Society offering apartments to middle-income families, i.e. sandwich class , at concessionary prices during the 1990s in Hong Kong. The purchases were subject to a five-year resale restriction. The first development, Tivoli Garden , was completed in 1995, and was followed by 12 other developments. In total, more than 12,000 units were offered. Unlike Home Ownership Scheme and Flat-for-Sale Scheme ,
20-694: Was completed in 1999, after the project was delayed because of the bankruptcy of one of the contractors. It comprises two 47-floor residential towers , offering a total of 704 units. Radiant Towers is located in Wai Yan constituency of the Sai Kung District Council . It was formerly represented by Chun Hoi-shing, who was elected in the 2019 elections until July 2021. 22°19′24″N 114°15′16″E / 22.323238°N 114.254578°E / 22.323238; 114.254578 Sandwich Class Housing Scheme The Sandwich Class Housing Scheme
25-404: Was generally high. For example, in 1996, the Hong Kong Housing Society received 6,520 applications for the sale of a batch of 1,696 units in Radiant Towers and Marina Habitat. This level of applications was a 40% increase in comparison to those for Park Belvedere and Tivoli Gardens, in 1995 and 1994 respectively. In the case of several projects, following a Government policy to suspend the sale of
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