The looming deadline for reporting public housing assets is expected to spur an
Centaline Research Senior joint Director Yeung Ming-yee pointed out that the Housing Department issued asset declaration forms to about 250 000 public housing tenants on April 2, and the period will expire at the end of May, and 27% of the total number of units have been temporarily recovered, and about 300 households have voluntarily returned their flats. It is believed that many wealthy tenants of public housing will switch to HOS flats due to their need to buy homes, so as to enhance their quality of life. In addition, the HA issued approval letters to 4,500 successful White House 2023 applicants in mid-March, which is expected to significantly increase the volume of transactions in the secondary market. It is estimated that the total number of registered agreements for sale and purchase of second-hand public housing (HOS, PRH, Green purchase and spliced flats) in 2024 (both in the free market and in the secondary market) is expected to reach the 6,500 level, which will be the third highest since 2015 in nearly 10 years, and only lower than the 8,512 in 2021 and 6,831 in 2023. The overall proportion of public housing in the secondary market is expected to stabilize by more than 50% in 2024.
