The Government announced today (December 30) the handover of a residential site in Tung Chung, i.e. Tung Chung Area 122 (TC122), to the Hong Kong Housing Society (HKHS) for development of subsidised sale flats (SSFs).
 
     TC122 was originally one of the government sites identified for tender under the Private Subsidised Sale Flat – Pilot Scheme (the Pilot Scheme). The site is now handed over to the HKHS for development as one of its SSF projects, with around 1 600 SSFs estimated to be completed in 2031-32 preliminarily.
 
     "The Government has all along been pragmatically adjusting the development arrangements of different sites based on social demands and actual circumstances. The HKHS is a close partner of the Government on housing policies with profound experience in the development of SSFs. Having reviewed the latest situation, the Government believes that the handover of TC122 to the HKHS could expedite the development of the SSFs," said a spokesman for the Housing Bureau.
 
     The Government announced in June 2023 the policy framework of the Pilot Scheme, with an aim to tap into market forces and boost overall development capacity. The Government is now closely keeping in view market developments, so as to review if there is a need to suitably adjust some of the key parameters of the Pilot Scheme as well as future tender arrangements for sites under the Pilot Scheme having regard to market conditions. Further announcements will be made in due course.

     "The handover of TC122 to the HKHS for development of SSFs is in line with the Government's policy objectives of boosting SSF supply, helping the grassroots achieve home ownership and encouraging upward mobility. The Government believes this would be well received by the public. It will also continue to take forward other measures in respect of enhancing the housing ladder, so as to help citizens achieve home ownership," the spokesman added.

Ends/Tuesday, December 30, 2025
Issued at HKT 14:00

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