Policy Address

Revitalising the HOS Secondary Market

30.       The Housing Authority is taking measures to revitalise the HOS secondary market. These include the Premium Loan Guarantee Scheme launched by the Hong Kong Mortgage Corporation Limited, which allows HOS owners to pay the premium by instalments.

Supply of Small and Medium Flats

31.       To address the shortage of first-hand small and medium flats, we have already reserved a site at the former Yuen Long Estate and will, as a pilot, specify in its sale conditions the minimum number of units and unit size restrictions.  We are preparing to sell the site by tender later this year.  In light of experience gained, we will explore applying this arrangement to other sites.  We will discuss with the URA and MTRCL the provision of more small and medium flats in their urban renewal projects and residential developments along the West Rail respectively.

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