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9,700 Subsidised Flats to Hit Hong Kong Market in 2024

12/18/2025

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Story summary
  • Hong Kong housing authorities will sell over 9,700 new subsidised flats in 2024, starting at HK$1.5 million (US$193,000).
  • The flats will be at least 280 sq ft and offered under the Home Ownership Scheme (HOS) and the Green Form Subsidised Home Ownership Scheme (GSH).
  • Scott Leung Man-kwong from the housing committee noted that over 70% of the flats will exceed 300 sq ft to meet family needs.
  • A total of 8,316 homes will be sold under the HOS at prices 70% below market rates in areas like Kowloon and Lantau Island.