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Only 12% of Tenants Interested in Home Ownership Scheme

2/1/2026

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Summary

Story summary

The Hong Kong Tenants Purchase Scheme (TPS) was launched in 1998 to promote home ownership among public housing tenants.
Initially, 25,000 flats were offered at a discount.
TPS was suspended in 2002 and ended in 2005.
Economic pressures such as the 1997 Asian financial crisis reduced tenants' purchasing power.
A recent survey showed only 12% of eligible tenants would consider buying their flats.

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Story summary

The Hong Kong Tenants Purchase Scheme (TPS) was launched in 1998 to promote home ownership among public housing tenants.
Initially, 25,000 flats were offered at a discount.
TPS was suspended in 2002 and ended in 2005.
Economic pressures such as the 1997 Asian financial crisis reduced tenants' purchasing power.
A recent survey showed only 12% of eligible tenants would consider buying their flats.