Hong Kong's 2024 Home Ownership Scheme Ballots Drawn

In an exciting turn of events, the Hong Kong Housing Authority (HA) has conducted the ballot drawing for the Sale of Home Ownership Scheme (HOS) Flats 2024 as of December 12. This year’s scheme has witnessed an unprecedented surge in interest, with around 106,000 applications submitted, demonstrating the overwhelming demand for affordable housing in the city.

Oversubscription Rates and Application Breakdown

Ms. Cleresa Wong, Chairman of the HA's Subsidised Housing Committee, presided over the ballot event, highlighting the staggering oversubscription rate of almost 14 times. This reflects not just a need but an urgent longing for HOS flats among Hong Kong residents. The applications included approximately 78,000 White Form applicants and 28,000 Green Form applicants, with family units making up about 50,000 of the submissions. Notably, nearly 19,000 of these family applicants qualified under the Priority Scheme, catering to families with elderly members and those with newborns.

Fairness in the Selection Process

The drawing process established the priority order for applicants based on the last two digits of their application numbers. If applicants had matching digits across different categories, their positions were randomly allocated by computer—a move aimed at ensuring fairness in the selection process.

What’s Next?

The results of the ballot have been made available on the HA’s official website, allowing applicants to check their standings. Starting December 13, those who submitted their applications online will receive email notifications regarding the outcomes of the draw.

Future Notifications and Selection Process

Looking ahead, the HA plans to notify successful applicants in the second quarter of 2025, allowing them to select their desired flats in accordance with their priority under HOS 2024. This year’s offering comprises 7,132 flats across five new developments in key areas such as Kai Tak, Yau Tong, and Tuen Mun, with sizes ranging from approximately 186 square feet to 510 square feet. Additionally, this year's scheme includes rescinded flats from previous sales, further increasing the selection available to potential homeowners.

Urgent Need for Affordable Housing

As Hong Kong continues to grapple with a housing crisis underscored by soaring property prices, the HOS remains a vital source of affordable housing for many residents. If you’re among the thousands awaiting results, make sure to keep an eye on the HA’s official communications.

Conclusion

This year's overwhelming response serves as a stark reminder of the urgent need for more affordable housing solutions in Hong Kong, and with every passing year, the fight for home ownership becomes even more pressing. Will you be among the fortunate few to secure your dream home in 2024? Stay tuned for updates as the selection process unfolds!