Policy Address

  1. We will increase the ratio of larger units in HOS and GSH projects in response to market needs.

  2. We will relax the alienation restriction period of new flats for sale from 15 years to 10 years to encourage upward mobility. This measure will be applicable starting from the next HOS and GSH sale exercises.

  3. We will launch the "Flat-for-Flat Scheme for Elderly Owners" of HKHA's SSFs, allowing those who have reached the age of 60 and owned their flat for 10 years or more to purchase a smaller flat or a flat in a more remote area after selling their original one in the secondary market with premium unpaid. In doing so, they can get additional cash to cover their living expenses, while urban or larger flats can be released for families in need to apply for.