Over the years, the Hong Kong Housing Authority (HA) has been providing a robust housing ladder to the public that does not only offer a safety net for the grassroots and low-income households to address their housing needs, but also allows those who are relatively well-off to move up the housing ladder and gradually improve their living environment. To achieve this goal, the HA has launched various subsidised home ownership schemes through the years, making people’s home-buying dreams come true while expediting the turnover of public rental housing units and shortening the average waiting time. Since its launch in 1978, the Home Ownership Scheme has been well received by people with an income insufficient to purchase private flats. Other subsidised home ownership schemes, such as the White Form Secondary Market Scheme, the Tenants Purchase Scheme and the Green Form Subsidised Home Ownership Scheme, provide opportunities for home ownership to people in different situations.
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