This is the HEADER
Here are the summarized press releases from the Hong Kong Housing Authority for August 2024 and onwards:
1. **August 2024 – Home Ownership Scheme Sales Arrangements**: The Hong Kong Housing Authority approved the sales arrangement for approximately 7,132 subsidized homes under the Home Ownership Scheme for 2024. These flats are being offered at a 30% discount on market prices. This is a reduction from the previous year, where 9,154 subsidized flats were available at a 38% discount. [Source](https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3276149/hong-kong-sales-plan-2024-subsidised-flats-revealed-deal-sweet-enough-tempt)
2. **October 2024 – Long Term Housing Strategy Annual Progress Report**: The government released its Long Term Housing Strategy Annual Progress Report for 2024, setting a ten-year supply target of 440,000 units. It confirmed that sufficient land has been identified for public housing to meet this target. For private housing, land for about 80,000 units will be made available in the next five years. The projected supply of private residential properties for the upcoming three to four years is estimated at about 108,000 units. [Source](https://www.news.gov.hk/eng/2024/10/20241028/20241028_154834_927.html)
3. **Periodic Review of PRH Income and Asset Limits**: The Housing Authority conducts an annual review of the income and asset limits for public rental housing (PRH), adjusting them based on household size and economic conditions. This year’s adjustments reflect changes in these factors. [Source](https://www.info.gov.hk/gia/general/202403/22/P2024032200313.htm)
These updates illustrate the ongoing developments and adjustments in the housing policies within Hong Kong, focusing on subsidized home ownership and public housing strategies.
Summarize the press releases of the Hong Kong Housing Authority in 2024.
Exclude press releases earlier than August 2024.
This is the FOOTER
