Tenants Purchase Scheme | |||||||||||||
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Traditional Chinese | 租者置其屋計劃 | ||||||||||||
Simplified Chinese | 租者置其屋计划 | ||||||||||||
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Tenants Purchase Scheme (TPS) is a scheme which allows tenants in public housing estates under the Hong Kong Housing Authority to purchase their flats. The price is set to be much lower than the market prices of private flats and Home Ownership Scheme (HOS) owing to the age of flats and restriction on selling.
The Scheme was announced in 1997 and formally launched a year later. It provided an opportunity for at least 250,000 public housing tenants to acquire their flats at affordable prices over a ten-year period with the ultimate aim of achieving 70% home ownership by 2007. [1]
In November 2002,in response to a weak property market which was allegedly being distorted by public housing sales schemes,it was decided to terminate the TPS [2] after the sale of the five estates under Phase 6B. The suspension of the HOS was announced at the same time. [2]
In June 2004,phase 6A was announced for a total of about 25,000 units:the authority would sell 5,100 flats in Cheung Wah Estate in Fanling in June;flats in Lei Tung Estate,Po Lam Estate and Shan King Estate will be sold in stages by the end of 2004. [3]
In May 2005,the Government announced the estates which would be in 6B,the final phase of the Tenants Purchase Scheme. 23,451 flats under the Housing Authority,comprising Cheung Fat Estate in Tsing Yi,Fu Shin Estate in Tai Po,Long Ping Estate in Yuen Long,Nam Cheong Estate in Sham Shui Po,and Tsui Lam Estate in Tseung Kwan O would be set for sale by the end of 2006. [4]
The Home Ownership Scheme (HOS) is a subsidized-sale programme of public housing in Hong Kong managed by the Hong Kong Housing Authority. It was instituted in the late 1970s as part of the government policy for public housing with two aims - to encourage better-off tenants of rental flats to vacate those flats for re-allocation to families in greater housing need;and also to provide an opportunity for home ownership to families unable to afford to buy in the private sector.
The following is an overview of public housing estates on Tsing Yi,Hong Kong including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Flat-for-Sale Scheme (FFSS),Tenant Purchase Scheme (TPS) and Subsidised Sale Flats Project (SSFP) estates.
King Lam Estate is a mixed TPS and public housing estate in Tseung Kwan O,New Territories,Hong Kong near MTR Po Lam station. It is the third public housing estate in Tseung Kwan O and has a total of seven residential blocks built in 1990. Some of the flats were sold to tenants through Tenants Purchase Scheme Phase 4 in 2001.
Tsui Lam Estate is a mixed TPS and public housing estate located to the west of Po Lam in Tseung Kwan O,New Territories,Hong Kong. It is the second public housing estate in Tseung Kwan O and is the only public housing estate in Tseung Kwan O not built on reclaimed land. It has a total of eight residential blocks completed in 1988. Some of the flats were sold to tenants through Tenants Purchase Scheme Phase 6B in 2005.
The following is an overview of public housing estates in Tseung Kwan O,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),and Tenants Purchase Scheme (TPS) estates.
The following is an overview of Public housing estates in Kwai Chung,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Sandwich Class Housing Scheme (SCHS),Flat-for-Sale Scheme (FFSS),and Tenants Purchase Scheme (TPS) estates.
The following is a list of public housing estates in Chai Wan and Siu Sai Wan,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Sandwich Class Housing Scheme (SCHS),Flat-for-Sale Scheme (FFSS),and Tenants Purchase Scheme (TPS) estates.
The following is a list of public housing estates in Fanling Town,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Sandwich Class Housing Scheme (SCHS),Flat-for-Sale Scheme (FFSS),and Tenants Purchase Scheme (TPS) estates.
The following is an overview of public housing estates in Tuen Mun,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Sandwich Class Housing Scheme (SCHS),Flat-for-Sale Scheme (FFSS),Subsidised Sale Flats Project (SSFP),and Tenants Purchase Scheme (TPS) estates.
The following is a list of public housing estates in Tai Po,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Sandwich Class Housing Scheme (SCHS),Flat-for-Sale Scheme (FFSS),and Tenants Purchase Scheme (TPS) estates.
The following is a list of Public housing estates in Ma On Shan,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Sandwich Class Housing Scheme (SCHS),Flat-for-Sale Scheme (FFSS),and Tenants Purchase Scheme (TPS) estates.
The following is a list of public housing estates in Shau Kei Wan,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Sandwich Class Housing Scheme (SCHS),Flat-for-Sale Scheme (FFSS),and Tenants Purchase Scheme (TPS) estates.
The following is a list of public housing estates in Sheung Shui Town,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Sandwich Class Housing Scheme (SCHS),Flat-for-Sale Scheme (FFSS),and Tenants Purchase Scheme (TPS) estates.
The following is an overview of Public housing estates in Tai Wai,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),and Tenants Purchase Scheme (TPS) estates. Management is by the Hong Kong Housing Authority.
The following is an overview of public housing estates in Yau Tong,Kwun Tong,Kowloon,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),and Tenants Purchase Scheme (TPS) estates.
The following shows the public housing estates,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),Tenant Purchase Scheme (TPS) in Lam Tin of Kwun Tong District,Kowloon,Hong Kong.
The following shows the public housing estates in Pok Fu Lam,Aberdeen,Wong Chuk Hang and Ap Lei Chau of Southern District,Hong Kong.
The following is an overview of Public housing estates in Cheung Sha Wan,Hong Kong,including Home Ownership Scheme (HOS),Green Form Subsidised Home Ownership Scheme (GFSHOS),Private Sector Participation Scheme (PSPS),and Tenants Purchase Scheme (TPS) estates.
The following is an overview of public housing estates in Sham Shui Po,Hong Kong,including Home Ownership Scheme (HOS),Private Sector Participation Scheme (PSPS),and Tenants Purchase Scheme (TPS) estates.
The following shows the public housing estates in Kwun Tong of Kwun Tong District,Kowloon,Hong Kong.