New housing scheme to be launched

New housing scheme to be launched

Chief Executive CY Leung today inspected show flats for the new Home Ownership Scheme phase that will open tomorrow.

Meeting the media after seeing the show flats in Yau Tong today, he said the Government wants to increase the supply of housing units on all fronts, including those being sold at subsidised prices.

He noted the new scheme will provide 2,160 units, located in five projects in Tsuen Wan, Tsing Yi, Yuen Long and Sha Tin.

Application forms will be available from tomorrow and balloting will be in March. Unit selection will be in May.

On the set up of the $27 billion Housing Reserve to meet the 10-year public housing supply target, Mr Leung said it demonstrates the Government’s determination to improve housing supply.

 

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