The Housing Authority will launch a new round of the Sale of Green Form Subsidised Home Ownership Scheme (GSH) Flats in the third quarter offering a total of 2,576 flats from the new GSH project Wang Chi Court in Kowloon Bay.

The GSH 2024 will also involve rescinded or unsold flats which were first put up for sale under GSH 2020-21 and GSH 2022, and a new batch of recovered Tenants Purchase Scheme flats.

The Wang Chi Court flats have saleable areas of about 17.9 sq m to about 43.3 sq m. More than a quarter of them are large flats, with saleable areas of about 41.8 sq m to about 43.3 sq m.

Pursuant to the prevailing pricing mechanism, GSH flats will be sold at a discount greater than that in the preceding Home Ownership Scheme (HOS) sale exercise. As the discount rate for the sale of HOS 2024 flats was 30%, the discount rate for all GSH flats offered under this sale exercise will be set at 40%.

The selling prices of Wang Chi Court flats range from about $1.15 million to about $3.49 million, the authority added.

As an enhancement measure, this sale exercise will allocate an extra ballot number to applicants who had failed to purchase a flat in GSH 2022 and GSH 2023, so as to increase their chances of success.