New Green Form Subsidized Sale Housing Opens for Selection in Kowloon Bay
Bastillepost · 2 SOURCESabout 1 hour ago6 MIN
Summary
The Housing Authority's latest Green Form Subsidized Sale Housing (綠置居) scheme commenced flat selection today at its Kwun Tong sales office, drawing eligible applicants to purchase units at the newly launched Sheng Zhi Court (盛緻苑) development in Kowloon Bay . The project offers 857 brand-new units alongside over 500 re-sale and recycled units, with prices ranging from HK$1.68 million to HK$3.54 million, representing a 40 percent discount to market value . Residents displaced by public housing demolition schemes, including those from Wah Fu Estate, Choi Hung Estate, Ma Tau Wai Estate, and Sai Ying Pun Estate, were granted priority selection rights .
Key Points
- The Sheng Zhi Court project in Kowloon Bay provides 857 units with saleable areas between approximately 280 and 469 square feet
- Prices span from HK$1.68 million to HK$3.54 million, with units sold at 60 percent of market value
- Priority applicants from five targeted estates—Wah Fu, Choi Hung, Ma Tau Wai, and Sai Ying Pun—were allowed to select units first
- Mr. Wu from Wah Fu Estate successfully purchased a high-floor two-bedroom unit of about 430 square feet in Block A, describing his excitement
- Mr. Tang from Ma Tau Wai Estate opted for an approximately 380 square feet unit, citing years of waiting for a subsidized purchase opportunity
- Retired Mrs. Zhang from Sai Ying Pun chose a mid-floor two-bedroom unit, noting the mature community amenities and convenient transport connections
- Additional options included about 120 re-sale Green Form units and 400 to 500 Tenants Purchase Scheme recycled units
- Some Choi Hung Estate residents selected re-sale units at Kam Pak Court in Sha Tin, attracted by better school nets and cleaner air
Why It Matters
The Green Form Subsidized Sale Housing scheme provides a critical pathway for public housing tenants to transition into home ownership while generating resources for the Housing Authority to build more public rental units. The selection process for displaced residents ensures that those affected by redevelopment projects have opportunities to secure affordable housing in well-connected locations, addressing both urban renewal concerns and housing demand in Hong Kong .
The Green Form Subsidized Sale Housing scheme provides a critical pathway for public housing tenants to transition into home ownership while generating resources for the Housing Authority to build more public rental units. The selection process for displaced residents ensures that those affected by redevelopment projects have opportunities to secure affordable housing in well-connected locations, addressing both urban renewal concerns and housing demand in Hong Kong .