The Housing Society on Wednesday announced two subsidised flat projects in Fanling and Kwun Tong, with units to be sold at 70 percent of market value, will go on sale in April.
The "Hemma Fab" project on Jockey Club Road in Fanling offers about 650 units with saleable areas ranging from 302 to 616 square feet, and prices from HK$2.3 million to HK$5.4 million.
Meanwhile, the "Hemma Emerald" project on Anderson Road offers 960 units with saleable areas ranging from 302 to 664 square feet, and prices from about HK$2.5 million to HK$6.3 million.
And although the Housing Authority will change the ratio for quota allocation between Green Form and White Form applicants under the Home Ownership Scheme from 40:60 to 50:50 in October, the ratio for the two projects will remain at 40:60.
"We will take reference to [the Housing Authority's] implementation, and we may add these new arrangements in the next phase," the Housing Society's development and marketing director Monita Ko said.
Ko added that about 40 percent of units will be reserved for families with elderly members or newborns.
Eligible people can apply for the two projects from April 1 to 14.
Two subsidised flat projects go on sale from April 1
2025-03-26 HKT 15:57
