Navigating Housing Affordability: Hong Kong Housing Authority’s 2024 Initiatives

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Here are the summaries of press releases from the Hong Kong Housing Authority (HA) from August 2024 onward:

1. **Home Ownership Scheme (HOS) 2024 Launch** (August 27, 2024): The HA’s Subsidised Housing Committee approved the average selling prices and sales arrangements for HOS 2024. The application for about 12,000 new flats will begin in the fourth quarter of 2024. Approximately 40% of these flats will be set aside for applicants under the Priority Newborns Scheme and Priority Scheme for Families with Elderly Members. [Read more](https://www.info.gov.hk/gia/general/202408/27/P2024082700185.htm)

2. **Estimated Allocation for Public Rental Housing (PRH) 2024-25** (June 13, 2024): The HA has estimated that about 30,200 PRH flats will be available for allocation, comprising roughly 11,100 new flats and 19,100 recovered flats. Unused flats from other categories will be reallocated to PRH applicants. [Read more](https://www.info.gov.hk/gia/general/202406/13/P2024061300252.htm)

3. **Home Ownership Scheme Sales Arrangement** (2024): It was revealed that 7,132 new subsidised homes will be offered this year at a 30% discount on market prices, down from 9,154 subsidised flats in 2023 with a 38% discount. [Read more](https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3276149/hong-kong-sales-plan-2024-subsidised-flats-revealed-deal-sweet-enough-tempt)

4. **Proposed Increase in Public Housing Rent** (July 9, 2024): The housing chief announced a proposed 10% increase in public housing rents, which is deemed affordable. This increase is set to begin in January 2025, along with rent assistance measures to support tenants. [Read more](https://hongkongfp.com/2024/07/09/govt-proposed-10-increase-in-public-housing-rent-is-affordable-hong-kong-housing-chief-says/)

These press releases highlight the HA’s ongoing efforts to manage public housing availability and affordability in Hong Kong.

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