Support for the extension of the resale period of the HOS apartments – Zhang Shengdian – Xinhui website hkej.com



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The author pointed out in other columns that the transfer restrictions imposed by the "first rank" units in the new housing policy are too stringent. The reason is that the percentage of subsidy granted by the government in the "First Place" project is lower than that of the HOS apartments, the "first place" buyers should therefore have more freedom in the transfer than the HOS buyers. For current practice, the Housing Authority is studying the extension of the resale period of HOS to 10 years, the author is in agreement and hopes to share it slightly.

First of all, the author believes that the practice can meet the resale of the new measures of the project "First Place" (including no sale or lease within 5 years after the purchase , no redemption, no second market, etc.). Limitation As a "first home" homeownership stage, the government has granted a greater discount to those who purchase HOS apartments, which will reduce the freedom of resale HOS apartments and will allow the subsidy in the home ownership. The higher the standard, the more resale restrictions are important.

In addition, the current housing problem has become the first livelihood problem that the government has accelerated. In the current situation where the level of real estate prices has largely deviated from the accessibility of the general public, the government has started to focus on restoring and maintaining the basic functions of the home and proposing that 'home is inhabited. The extension of the resale period of HOS apartments can increase the cost of speculation and help reduce the attractiveness of HOS investment, thus improving its function to meet housing needs.

Currently, the price of HOS flats can be provided by low-income people and the author thinks the government intending to take over the function of HOS as subsidized social housing to a affordable price, it has effectively adopted a policy of decoupling the market price. It is possible to take advantage of the opportunity to price HOS flats by building costs, then add restrictions that can only be bought back by the Housing Authority, which will eliminate the excessively high prices of HOS and HOS. speculative activities and separate these subsidized housing from the investment market. In order to really achieve the original goal of subsidizing housing to meet housing needs.

Zhang Shengdian
Director of the Department of Enterprise Development (Property Assessment and Management) of Pu Group

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