New Subsidised Flats To Cost From HK$1.2m

A batch of government-subsidised homes is being put up for sale at between HK$1.2 million and HK$5.4 million, the Housing Authority announced on Tuesday.

Nearly 9,000 new flats at seven estates are included in the latest round of the Home Ownership Scheme.

The cheapest is a 189-square-foot home in Kai Yan Court in Kai Tak, while the most expensive is located at North Point's Kei Wah Court and measures 457 square feet.

The other estates are scattered across Hong Kong, including in Tseung Kwan O, Kwun Tong and Sha Tin, with the largest one in the Tung Chung Extension area.

The flats are being sold at 51 percent of their market value.

More than 250,000 people applied for the units.

The Housing Authority has conducted a ballot to decide on the priority order for applicants to make their selections from November 15.