Income, asset limits to be revised for new flats

Local | 9 Feb 2018 5:32 pm

Sources say the Housing Authority will relax the income and asset limits for buyers of new flats to be rolled out from next month under the home ownership scheme.

The 4,400 flats are in three housing estates in Cheung Sha Wan, Kai Tak and Tung Chung, and are expected to be sold at between HK$1.59 million and HK$6.3 million, RTHK reports.

The monthly income limit for family applicants will be relaxed from HK$52,000 to HK$57,000, and from HK$26,000 to HK$28,500 for eligible individuals.

Asset limits for each family applicant will be relaxed from HK$1.7 million to HK$1.96 million, and from HK$850,000 to HK$980,000 for individuals.

The Housing Authority received more than 100,000 applications for 2,100 flats it introduced last year.

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