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The Home Ownership Scheme (HOS) is a subsidised-sale public housing programme managed by the Hong Kong Housing Authority.It was instituted in the late 1970s as part of the government policy for public housing with two aims – to encourage better-off tenants of rental flats to vacate those flats for re-allocation to families in greater housing need; and also to provide an opportunity for home ...
According to the 2006 census, [1] 3.3 million people or 48.8 percent of the population of Hong Kong lived in rental or subsidised-sale public housing; within that group, 31 percent lived in public rental housing, 17.1 percent lived in Housing Authority subsidised-sale flats and 0.7 percent lived in Housing Society subsidised-sale flats.
The high costs of housing have caused some to live in very small subdivided flats, sometimes referred to as "coffin homes", [27] with an estimated 110,000 subdivided units in Hong Kong, [21] housing 220,000 people. [28]
The rating system in Hong Kong has a history of over 160 years. The first Rating Ordinance, Ordinance No. 2 of 1845, was enacted in that year and related to the Police Rate which was collected to pay the expenses for upholding and maintaining the police force in Hong Kong. Over the following thirty years, services funded by rating such as ...
Government rent in Hong Kong started on July 1, 1997, with the inception of the Joint Declaration. It said that new land grants contain a standard condition that the lessee is required to pay an annual rent, equal to 3% of the rateable value from time to time of the land leased.
This plan is introduced by the Chief Executive of Hong Kong in the Policy address of Hong Kong 2010. [1] The implementation of plan, that is the first 5000 flats under the plan is expected to be ready for sell in 2014. [2] Under this Plan, the Hong Kong Housing Society will lease the flats to eligible applicants at prevailing market rates. [3]
High maintenance cost made the Hong Kong Housing Authority decide to demolish it in 2008 and 2011 in two phases, and residents will be relocated to Un Chau Estate Phases 2, 4, and 5 in Sham Shui Po. [33]
The development of public housing estates in Hong Kong first began in December 1953. To rehouse the fire victims affected by Shek Kip Mei fire, the Resettlement Department built two-story bungalows. [4] Before HKHA, most public housing units at the time were provided by the HKHS (founded in 1948) and HKS Housing Corp Ltd. (founded in 1950).
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