Green Form Subsidized Sale 2025 Kicks Off with 1,467 Units in Kowloon Bay
AM730 · 1 SOURCESabout 1 hour ago2 MIN
Summary
The Green Form Subsidized Sale Scheme 2025 officially launched its selection process on January 25 at the Kwun Tong sales office, attracting numerous eager buyers. The development, Sheng Zhi Court in Kowloon Bay, comprises two towers with 1,467 units in total, of which 857 units are designated for this round's green form purchasers. The remaining 610 units have been allocated to a special sales program for existing Wang Fuk Court residents. A southeast-facing unit on the 38th floor of Tower A, exceeding 420 square feet and priced at approximately HK$3.54 million, was snapped up within just five minutes of the sales launch, becoming the most sought-after unit of this intake.
Key Points
- The selection process for Green Form Subsidized Sale Scheme 2025 began on January 25 at the Kwun Tong office, with long queues forming from early morning
- Sheng Zhi Court in Kowloon Bay consists of two residential towers offering 1,467 units, with 857 units available for current green form buyers
- The "unit king" at Tower A, Flat 6 on the 38th floor, facing southeast with over 420 square feet, sold for HK$3.54 million within five minutes
- Some 610 units have been reserved for Wang Fuk Court's special sales initiative, though most buyers indicated this arrangement would not significantly impact their chances
- Public housing tenants displaced by redevelopment projects, including those from Choi Hung Estate and West Lane Estate, receive priority selection rights
Why It Matters
The strong turnout and rapid sales at Sheng Zhi Court underscore the continued high demand for subsidized home ownership among Hong Kong green form holders. The special allocation for Wang Fuk Court residents, combined with priority consideration for public housing tenants affected by redevelopment, highlights the government's balancing act between accommodating existing residents and providing fresh opportunities for new buyers in the subsidized housing market.
The strong turnout and rapid sales at Sheng Zhi Court underscore the continued high demand for subsidized home ownership among Hong Kong green form holders. The special allocation for Wang Fuk Court residents, combined with priority consideration for public housing tenants affected by redevelopment, highlights the government's balancing act between accommodating existing residents and providing fresh opportunities for new buyers in the subsidized housing market.