2024 Hong Kong Housing Authority Initiatives: New Home Ownership Scheme and Subsidized Housing Updates

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In August 2024, the Hong Kong Housing Authority (HA) issued several notable press releases pertaining to housing schemes and initiatives:

1. **Home Ownership Scheme (HOS) Flats 2024**: On August 27, 2024, the HA’s Subsidised Housing Committee approved the average selling prices and sales arrangements for the Sale of Home Ownership Scheme (HOS) Flats 2024. This plan follows the launch of HOS 2023, with applications set to begin in the fourth quarter of 2024. A significant quota�Xabout 40%�Xof new flats will be prioritized for applicants under special schemes, such as the Priority Newborns Scheme and the Priority Scheme for Families with Elderly Members (Priority Elderly Scheme). [More information here](https://www.info.gov.hk/gia/general/202408/27/P2024082700185.htm).

2. **Subsidized Housing Sales Arrangement for 2024**: A report indicated that the HA approved a sales arrangement that includes approximately 7,132 subsidized flats available under the Home Ownership Scheme, to be offered at a 30% discount to market prices. This marks a decrease from previous years in both the number of units offered and the depth of the discount. In 2023, around 9,154 units were available with a 38% discount. [Read more here](https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3276149/hong-kong-sales-plan-2024-subsidised-flats-revealed-deal-sweet-enough-tempt).

These updates highlight the HA’s continuous efforts to make housing more accessible through subsidized schemes, despite a slight reduction in offerings compared to previous years.
Summarize the press releases of the Hong Kong Housing Authority in 2024.

Exclude press releases earlier than August 2024.

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