The Home Ownership Scheme (HOS) is Hong Kong's primary subsidized housing program, offering eligible residents the opportunity to purchase flats at prices significantly below market value. This guide covers everything you need to know about applying for HOS in 2026.
The Home Ownership Scheme (居屋) is a government-subsidized housing program that sells flats to eligible Hong Kong residents at a discount of 30-40% below market value. It's designed to help middle-income families achieve home ownership.
🎯 Eligibility Requirements
Basic Requirements
- Residency: Must be a Hong Kong permanent resident aged 18 or above
- Property Ownership: Must not own any domestic property in Hong Kong
- Previous HOS: Must not have previously purchased HOS/PSPS flats or received any housing subsidies
- Public Housing: If currently in public housing, must surrender the unit upon HOS purchase
Income and Asset Limits (2026)
| Category | Monthly Income Limit | Asset Limit |
|---|---|---|
| Single Person (White Form) | HK$33,000 | HK$925,000 |
| Family (White Form) | HK$66,000 | HK$1,850,000 |
| Green Form | No limit | No limit |
Green Form: Current public housing tenants or those on the waiting list for 3+ years. Higher priority and can borrow up to 95% mortgage.
White Form: Private housing residents meeting income/asset limits. Can borrow up to 90% mortgage.
📝 Application Process
Step 1: Check Eligibility
Before applying, verify that you meet all eligibility requirements. Pay special attention to:
- Income calculation (includes basic salary, allowances, bonuses)
- Asset calculation (includes savings, investments, vehicles)
- Property ownership status of all family members
Step 2: Submit Application
Applications are typically accepted during a specific window (usually 2-3 weeks). You can apply:
- Online: Through the Housing Authority website
- Paper Form: Submit to designated collection points
Application fee: HK$250 (non-refundable)
Step 3: Ballot and Selection
Due to high demand, a computer ballot determines the order of flat selection. Priority is given to:
- Green Form applicants
- White Form family applicants
- White Form single applicants
Step 4: Flat Selection
If your number is drawn, you'll be invited to select from available flats. You can:
- View show flats and floor plans
- Choose your preferred unit
- Sign the Agreement for Sale and Purchase
Step 5: Mortgage and Completion
After selection:
- Apply for mortgage (up to 90-95% LTV)
- Pay stamp duty and legal fees
- Complete purchase and receive keys
💰 Pricing and Discounts
How HOS Pricing Works
HOS flats are sold at a discount from their assessed market value. The discount rate varies by project but typically ranges from 30-40%.
| Market Value | Discount (35%) | HOS Price |
|---|---|---|
| HK$5,000,000 | HK$1,750,000 | HK$3,250,000 |
| HK$6,000,000 | HK$2,100,000 | HK$3,900,000 |
| HK$7,000,000 | HK$2,450,000 | HK$4,550,000 |
| HK$8,000,000 | HK$2,800,000 | HK$5,200,000 |
Mortgage Options
- Green Form: Up to 95% LTV, maximum 25-year term
- White Form: Up to 90% LTV, maximum 25-year term
- Interest Rate: Similar to private market rates
- No Mortgage Insurance Required: Unlike private properties
HOS flats come with resale restrictions. To sell on the open market, you must pay a premium to the Housing Authority to remove the restrictions. The premium is calculated based on the original discount and current market value.
📊 2026 HOS Projects
The Housing Authority typically announces new HOS projects annually. Recent and upcoming projects include developments in various districts across Hong Kong, offering a range of flat sizes from studios to 3-bedroom units.
What to Consider When Choosing
- Location: Proximity to MTR, schools, and amenities
- Flat Size: Match to your family's needs
- Floor and Orientation: Higher floors and south-facing units are popular
- Completion Date: Some projects may require waiting 2-3 years
- Facilities: Clubhouse, parking, retail
✅ Tips for Successful Application
- Apply Early: Submit your application as soon as the window opens
- Accurate Documentation: Ensure all income and asset declarations are accurate
- Family Application: Family applications have higher priority than single applications
- Green Form Advantage: If eligible, Green Form has significantly higher success rates
- Be Flexible: Consider less popular locations for better chances
- Prepare Finances: Have your down payment and mortgage pre-approval ready
❓ Frequently Asked Questions
Q: Can I apply if I own property overseas?
A: Yes, overseas property ownership doesn't disqualify you, but you must not own any domestic property in Hong Kong.
Q: What happens if my income exceeds the limit after application?
A: Your eligibility is assessed at the time of application. Income changes after application generally don't affect your eligibility.
Q: Can I rent out my HOS flat?
A: Generally no. HOS flats are for owner-occupation. Renting out without permission can result in penalties.
Q: How long before I can sell my HOS flat?
A: You can sell to Green Form buyers after 2 years. To sell on the open market, you must pay the premium to remove restrictions.
HOS is highly competitive with success rates often below 10%. Apply consistently each year, consider all available projects, and have a backup plan for private market options.
📐 Related Tools
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