Property News · August 7, 2018

Subsidised housing should help families with lesser means to realise their home ownership dream


Chief Executive Carrie Lam Cheng Yuet-ngor announced a package of six new initiatives on housing in June, once of which involved a new measure on the pricing mechanism of the Home Ownership Scheme (HOS) provided by the Housing Authority.
The government proposed that the selling price of HOS flats to be launched in the near future would no longer be linked to the market price. In simple terms, the government has long been using the existing affordability test which was based on the income limit…

Source : South China Morning Post
Read more…Subsidised housing should help families with lesser means to realise their home ownership dream

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