Tenants Purchase Scheme (TPS) is a scheme which allows tenants in

public housing estate Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. Although the common goal of public housing is to provide affordable housing, the details, terminology, def ...

s 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 The Home Ownership Scheme (HOS) is a subsidised-sale public housing programme 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 b ...

(HOS) owing to the age of flats and restriction on selling.

History

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. 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 TPSStephen Brown
Shackles off ... it's time for real reform
, The Standard, 14 November 2002 after the sale of the five estates under Phase 6B. The suspension of the HOS was announced at the same time. 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 Cheung Wah Estate () is a mixed TPS and public housing estate in Fanling, New Territories The New Territories is one of the three main regions of Hong Kong, alongside Hong Kong Island and the Kowloon Peninsula. It makes up 86.2% of Hon ...

in Fanling in June; flats in Lei Tung Estate,

Po Lam Estate Po Lam Estate () is a mixed TPS and public housing estate in Tseung Kwan O, New Territories, Hong Kong, near Metro City and MTR Po Lam station. It is the first public housing estate in Tseung Kwan O and has a total of seven residential blocks ...

and Shan King Estate will be sold in stages by the end of 2004.25,000 HA flats up for sale, but no more loans
, The Standard, 3 June 2004 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 Tsing Yi, sometimes referred to as Tsing Yi Island, is an island in the urban area of Hong Kong, to the northwest of Hong Kong Island and south of Tsuen Wan. With an area of , the island has extended drastically by reclamation along almost all ...

Fu Shin Estate Fu Shin Estate () is a mixed TPS and public housing estate in Tai Po, New Territories, Hong Kong, built on the reclaimed land of Tai Po Hoi. It consists of six residential blocks built in 1985. Some of the flats were sold to tenants through Ten ...

Tai Po Tai Po is an area in the New Territories of Hong Kong. It refers to the vicinity of the traditional market towns in the area presently known as Tai Po Old Market or Tai Po Kau Hui () (the original "Tai Po Market") on the north of Lam Tsu ...

, Long Ping Estate in

Yuen Long Yuen Long is a town in the western New Territories, Hong Kong. To its west lie Hung Shui Kiu (), Tin Shui Wai, Lau Fau Shan and Ha Tsuen, to the south Shap Pat Heung and Tai Tong, to the east Au Tau and Kam Tin (), and to the north Nam Sang W ...

Nam Cheong Estate Nam Cheong Estate () is a public housing estate in Sham Shui Po, Kowloon, Hong Kong near Nam Cheong Park, Tung Chau Street Park and MTR Nam Cheong station. It is named from nearby Nam Cheong Street, a main street in Sham Shui Po District. It ...

Sham Shui Po Sham Shui Po is an area of Kowloon, Hong Kong, situated in the northwestern part of the Kowloon Peninsula, north of Tai Kok Tsui, east of Cheung Sha Wan and south of Shek Kip Mei (). It is located in and is the namesake of the Sham Shui P ...

, and

Tsui Lam Estate 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 ...

Tseung Kwan O Tseung Kwan O New Town is one of the nine new towns in Hong Kong, built mainly on reclaimed land in the northern half of Junk Bay (known as Tseung Kwan O in Chinese/Cantonese language) in southeastern New Territories, after which it is named. ...

would be set for sale by the end of 2006.Michael Ng
23,000 flats to go in final estate sale
The Standard, May 12, 2005

References

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History

See also

References