Sandwich Class Housing Scheme
| Sandwich Class Housing Scheme | |||||||||||||
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| Traditional Chinese | 夾心階層住屋計劃 | ||||||||||||
| Simplified Chinese | 夹心阶层住屋计划 | ||||||||||||
| Cantonese Yale | Gaap sām gāai chàhng jyuh ūk gai waahk | ||||||||||||
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The Sandwich Class Housing Scheme was a scheme from the Hong Kong Housing Society offering apartments to middle-income families, i.e. sandwich class, at concessionary prices during the 1990s in Hong Kong. The purchases were subject to a five-year resale restriction. The first development, Tivoli Garden,[1] was completed in 1995, and was followed by 12 other developments. In total, more than 12,000 units were offered.[2]
Unlike Home Ownership Scheme and Flat-for-Sale Scheme, the owners under Sandwich Class Housing Scheme must pay a land premium before they can sell their flats in the free second-hand property market.[3]
Developments
[edit]The housing estates built under the scheme were:[2] (number of apartments and year of completion into brackets)
- Park Belvedere (雅景臺), Ma On Shan (882 - 1998)
- Sunshine Grove (晴碧花園), Sha Tin (508 - 1998)
- The Pinnacle (叠翠軒), Tseung Kwan O (1,424 - 1999)
- Tivoli Garden (宏福花園), Tsing Yi (1,024 - 1995)
- Hibiscus Park (芊紅居), Kwai Chung (420 - 1998)[4]
- Marina Habitat (悅海華庭), Ap Lei Chau (992 - 1998)[4]
- Bel Air Heights (悅庭軒), Diamond Hill (798 - 1999)
- Cascades (欣圖軒), Ho Man Tin (712 - 1999)
- Highland Park (浩景臺), Kwai Chung (1,456 - 1999)
Three developments were converted into private properties for sale at full market values:[2]
- Cayman Rise, Kennedy Town
- Radiant Towers (旭輝臺) Tseung Kwan O (704 - 1999)[5]
- Mountain Shore, Ma On Shan (2002)
- Serenity Place, Tseung Kwan O (2003)
Land reallocated to Housing Authority:
- Proposed SCHC and Flat-for-Sale Scheme development in Area 103 of Tin Shui Wai (now Tin Ching Estate)[6]
Sales
[edit]Demand for Sandwich Class Housing apartments was generally high. For example, in 1996, the Hong Kong Housing Society received 6,520 applications for the sale of a batch of 1,696 units in Radiant Towers and Marina Habitat. This level of applications was a 40% increase in comparison to those for Park Belvedere and Tivoli Gardens, in 1995 and 1994 respectively.[7]
In the case of several projects, following a Government policy to suspend the sale of the subsidized flats in September 2001, not all units were sold under the initial Sandwich Class Housing Scheme. These projects include: Marina Habitat, The Pinnacle, Highland Park and Cascades.[4]
All units of Mountain Shore were initially sold within 9 hours in April 2002 at an average price of HK$2,900 per sq. ft.[8]
See also
[edit]References
[edit]- ^ Hong Kong Housing Society - 1995 - Tivoli Garden
- ^ a b c Hong Kong Housing Society - Sandwich Class Housing Scheme
- ^ Payment of land premium for disposal of sandwich class flats
- ^ a b c Second mortgage loan arrangement for Sandwich Class Housing Scheme Owners
- ^ Sandwich Class Housing Scheme Hong Kong Housing Society - Properties Under Management Archived 2011-07-16 at the Wayback Machine
- ^ The planning application submitted to Town Planning Board in 1997
- ^ The Standard: "Society shrugs off flats complaints", August 24, 1996[permanent dead link]
- ^ Emporis - Mountain Shore[usurped]
External links
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