[HOS/Kai Cheung Court/Shan Lai Court/Kam Chun Court/Choi Wo Court] The HOS houses that will be put on sale in 2020 are Kai Cheung Court in Diamond Hill, Choi Wo Court in Fo Tan, Kam Chun Court in Ma On Shan and Lei Garden in Fanling Shan.
The Housing Authority released the latest statistical survey of "HoS 2020" applicants. The data shows that 1% of them purchase flats with "Full Pay" (one-time payment), that is, about 72 buyers have the ability to pay more than one-time payment. Property prices in the millions are nearly half that of the previous "HoS 2019".
As for the buyers who have applied for mortgage loans, 15% of them have to rely on their fathers for the down payment. Among them, the white form is more common than the green form.
▼2020 HOS Promotion Estates▼
+20
From June to July this year, the HA conducted telephone interviews with about 2,000 applicants, half of whom were successfully "boarded" in the previous HOS. The overall response rate of the statistical survey was 77%.
"HOS 2020" launched a total of 4 housing estates, Kai Cheung Court in Diamond Hill, Choi Wo Court in Fo Tan, Kam Chun Court in Ma On Shan and Lei Garden in Fanling Hill. According to the data, 82% of the applicants thought that the location of the HOS in this phase Convenience, lower than the 89% of the previous period ("HOS 2019").
After checking the information, the housing estates for sale in "HOS 2019" include Kwun Tak Court in Ho Man Tin, Kai Tak Court in Cheung Sha Wan, Yung Ming Court in Tseung Kwan O, Shang Man Court in Tsuen Wan, Kam Fai Court in Ma On Shan and Xu Wo Court in Fo Tan.
(Screenshot from HA document)
White Form buyers average 39 years old Green Form buyers average 44 years old
The average age of HOS buyers in this period was 44 years old, 3 years younger than the 47 years old in the previous period, and white form buyers were also much younger than green form buyers, with an average age of 39 and 54 respectively.
In addition, 41% of green form applicants are 60 years old or above, and white form buyers in this age group only account for 10%, reflecting the huge age gap between the two groups of applicants.
17% of buyers have a monthly income of 50,000 yuan or more
At the time of application, the proportions of White Form applicants living in public or private housing were 51% and 49% respectively, similar proportions, and the results were also similar to previous phases.
99% of the green form applicants live in the rental housing of the Housing Authority or the Housing Society. The green form applicants who are public housing tenants of the Housing Authority have lived in public housing for 22 years on average. Statistics show that about 30% have lived in Public housing for 30 years or more.
In addition, the median monthly household income of green form buyers and white form buyers is both 30,000 yuan. The former is the same as the HOS 2019 data, but the latter’s income has dropped by 2,000 yuan (6.7%).
In addition, 5% of buyers have a monthly household income of less than $20,000, and another 17% of buyers have an income of $50,000 or more.
12% of buyers’ initial funds come from their children
As for the payment method, 98% of the buyers applied for mortgage loans. However, a small number of people purchased units through the "Full Pay" method, accounting for 1% in total, of which the green and white forms accounted for 1% and 2% respectively, and the proportions were the same as the above. The sales plans for the two phases of HOS are similar.
Among the buyers who have applied for mortgage loans, 15% of buyers said that the first installment is "relying on their fathers", that is, the source of the first installment comes from financial support from their parents. Among them, the proportions of green and white forms are 9% and 18%, respectively. In other words, The white form is more common than the green form.
In addition, 8% of the buyers also received financial support from friends or relatives for the down payment.
In addition to financial support from parents, 12% of the buyers’ initial source of funds for the property price comes from their children, among which the green form is more common, accounting for 24% in total, while the white form only accounts for 6%.
The data also shows that the average mortgage repayment period of green form and white form buyers is 24 years, but 3% of them can be less than 15 years, and another 3% are 15 years to less than 20 years.
In addition, the monthly mortgage repayment of buyers generally accounts for about one-third of their income, and 10% of buyers only account for less than 20% of their income.
As for the purchase of private housing, 16% of HOS buyers indicated that they would consider purchasing private housing units in the future, far lower than the 25% in the previous period; about 64% even expressed that they would not purchase properties in the private market.
More than 30% of public housing applications are subdivided households, nearly 20% are new immigrants, single income, low poverty line, 12% As of June, a total of 144,000 applications for public housing, 48% have been waiting for more than 3 years, 64% have been waiting for more than 6 years Tomorrow Lantau｜The Public Housing Association advocates building additional youth dormitories on artificial islands to facilitate work in core business districts
