Public houses have only the right to live, but no property rights, and children have no inheritance rights. If a family of four is assigned to a house of about 10- 15 square meters. Most names end in "inch". Equivalent to our low-rent housing.
"Home Ownership Scheme": Home Ownership Scheme was implemented in11960s+0970s, providing public housing except public rental housing for people whose income is insufficient to buy private housing.
The Home Ownership Scheme can also enable public housing residents with higher incomes to vacate public housing units for those in need. The ownership of Home Ownership Scheme (HOS) is incomplete, and it cannot be resold unless the government pays the land tax difference, and most of the names end with "Yuan and Ge". Equivalent to our affordable housing.
The picture below shows public housing:
The picture below shows the Home Ownership Scheme:
Extended data:
Current situation of public housing:
At present, about one third of Hong Kong residents, that is, more than two million people, live in 670,000 rental public housing units of the HA and 654.38 million+500,000 rental public housing units of the HS.
In this land of Hong Kong, people who can't afford to buy a house generally choose to rent public housing, and their impression of public housing is limited to the words "cheap rental house" and "pigeon cage". Because it's small but cheap.
Speaking of monthly rent of public houses, take public houses in urban areas as an example. If you rent public houses and private houses, you can't even rent a tile, you can only pay management fees. If you are in the suburbs, the monthly rent will be lower.
Status of Home Ownership Scheme:
Home Ownership Scheme (HOS) units are subsidized by the Hong Kong Government, which is lower than that of commercial buildings. The general selling price is about 70% of the market price. After the purchase of HOS housing, the owner's transfer, lease and other behaviors are restricted. Owners must pay the land price difference to the Housing Authority before renting or selling their houses in the open market.
The current Chief Executive, Carrie Lam Cheng Yuet-ngor, suggested that the pricing mechanism of HOS flats should be adjusted and decoupled from the market price. The new mechanism to measure people's affordability will be based on the median income rather than the upper income limit, so as to ensure that the number of "affordable" flats will increase from 50% to at least 75%.
The Chief Executive, Carrie Lam Cheng Yuet-ngor, cited the 20 18 Home Ownership Scheme for sale as an example. The unit price will be 52% of the "assessed market value" instead of 70% of the original price. If the new pricing policy is implemented, the average selling price of each HOS unit will drop sharply.
Baidu encyclopedia-public housing
Baidu encyclopedia-home ownership