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In August 2024, the Hong Kong Housing Authority (HA) released several key updates regarding their housing initiatives:
1. **Sales Arrangements for 2024**: On August 27, the Housing Authority approved the average selling prices and sales arrangements for the upcoming housing schemes. They will offer approximately 7,132 subsidized apartments across five estates, with prices ranging from HK$1.43 million to HK$4.67 million. This year’s offerings are characterized by a 30% discount on market values, which marks a decrease from the previous year’s offerings of 9,154 flats at a 38% discount.
2. **Refurbishment Allowance Changes**: The HA’s Subsidised Housing Committee also addressed the Vacant Flat Refurbishment Allowance (VFRA) on the same date. Due to increasing demand for the VFRA and challenges faced by tenants in completing minor repairs, the HA will now include these repairs within its refurbishment works, simplifying the process for tenants.
3. **Application Details**: Starting September 25, application forms and guides for flats will be made available on the HA’s designated website and through various public centers. This marks the beginning of the application process for the new housing scheme.
These initiatives by the Housing Authority aim to meet the evolving housing needs of Hong Kong residents, ensuring affordable options are available to those eligible.
For more details, you can refer to the following sources:
– [Hong Kong Housing Authority Press Release 1](https://www.info.gov.hk/gia/general/202408/27/P2024082700185.htm)
– [Hong Kong Housing Authority Press Release 2](https://hkut.news/2024/08/27/housing-authority-to-sell-over-7100-apartments-in-home-ownership-scheme-2024/)
– [Hong Kong Housing Authority Press Release 3](https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3276149/hong-kong-sales-plan-2024-subsidised-flats-revealed-deal-sweet-enough-tempt)
– [Hong Kong Housing Authority Press Release 4](https://www.info.gov.hk/gia/general/202408/27/P2024082700216.htm)
– [Hong Kong Housing Authority Press Release 5](https://www.info.gov.hk/gia/general/202409/24/P2024092400530.htm)
Summarize the press releases of the Hong Kong Housing Authority in 2024.
Exclude press releases earlier than August 2024.
Include the word ‘Housing Authority‘ for at least 1 times and at most 10 times.
Do not include the following words: HOS.
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