9,000 flats on sale for Home Ownership Scheme

Seven estates with around 9,000 flats are on sale today for Home Ownership Scheme Flat Selection.

Property buyers queued in front of the Housing Authority Customer Service Centre in Lok Fu at around 9am, waiting for the selection process to start this morning.

"For a Hongkonger, it may take the luck of the life to get one opportunity for picking a flat," said Lau, who claimed to have applied three times for the scheme to get a 300-foot flat to accommodate his three-person family.

According to the Housing Authority last week, the latest batch of Home Ownership Scheme flats is priced at between HK$1.23 million and HK$5.3 million, enjoying around a 49 percent discount on the market price.

The priciest flat is on the 32/F of Kei Wah Court on Tin Chiu Street in North Point, with a floor area of 457 square feet, and has been sold within 20 minutes after the selection kicked off.

The other six housing estates are Kai Yan Court in Kai Tak, Kwun Shan Court in Ma Tau Kok, On Sau Court in Kwun Tong, Chiu Ming Court in Tseung Kwan O, Yu Tak Court in Sha Tin, and Yu Nga Court in Tung Chung.