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**Hong Kong Housing Authority”s Initiatives and Developments from August 2024**
In the latter half of 2024, the Hong Kong Housing Authority (HA) has been actively implementing strategic initiatives to enhance housing accessibility and management. Here are the key developments from August 2024 onward:
1. **Home Ownership Scheme Flats Approval (August 27, 2024):** The Subsidised Housing Committee of the HA approved the average selling prices and sales arrangements for the 2024 Sale of Home Ownership Scheme Flats. This initiative aims to facilitate home ownership among Hong Kong residents, with applications set to open in the fourth quarter of 2024. Notably, approximately 40% of the new flats will be reserved for specific applicants under the Priority Newborns Scheme and Priority Scheme for Families with Elderly Members, reflecting a targeted approach to meet diverse housing needs.
2. **Public Rental Housing Allocation for 2024-25:** The HA has projected an estimated allocation of about 30,200 public rental housing (PRH) flats for the 2024-25 period. This allocation is part of the HA”s ongoing efforts to address the demand for affordable housing and ensure equitable distribution of resources.
3. **Governance and Management Updates (October 31, 2024):** The HA announced new appointments to the Estate Agents Authority, marking significant updates in governance and housing management. These appointments are expected to enhance the efficiency and effectiveness of housing management in Hong Kong
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These initiatives underscore the HA”s commitment to improving housing accessibility and management in response to local demands and demographic changes. The strategic focus on both home ownership and rental housing highlights a comprehensive approach to addressing the housing challenges in Hong Kong.
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