Editing Home Ownership Scheme (section)

{{Short description|Public housing ownership programme in Hong Kong}}
{{Use Hong Kong English|date = April 2022}}
{{Use dmy dates|date=January 2021}}
{{Chinese
|order=ts
|t=居者有其屋計劃
|s=居者有其屋计划
|j=Geoi1 ze2 jau5 kei4 uk1 gai3 waak6
|y=Gēui jé yáuh kèih ūk gai waahk
|p=Jū Zhě Yǒu Qí Wū Jìhuà
}}
[[File:Tin Fu Court.jpg|thumb|250px|[[Tin Fu Court]], a public housing estate of the Home Ownership Scheme in [[Tin Shui Wai]], Hong Kong ]]
[[File:Kam Hay Court.jpg|thumb|250px|[[Kam Hay Court]] in [[Ma On Shan (town)|Ma On Shan]]]]
{{Living spaces}}
The '''Home Ownership Scheme''' ('''HOS''') is a subsidised-sale [[public housing in Hong Kong|public housing]] programme managed by the [[Hong Kong Housing Authority]]. It was instituted in the late 1970s as part of the government policy for public housing with two aims – to encourage better-off tenants of rental flats to vacate those flats for re-allocation to families in greater housing need; and also to provide an opportunity for home ownership to families unable to afford to buy in the private sector.

Under the scheme, the government sells flats to eligible public housing tenants and to lower-income residents at prices below the market level, with discounts usually between 30 and 40 per cent.<ref>[http://sunzi1.lib.hku.hk/newspaper/view/12_10.02/593.pdf Discount of 37 pc for flat buyers], ''South China Morning Post'', 28 March 1992</ref> It restricts resale of the units in the second-hand market to other families who qualify or, on the open market, after payment of a premium equal to the updated value of the discount given on the original purchase. As an ancillary scheme, the Housing Authority also entered into arrangements with local private developers to provide property for sale under the '''[[Private Sector]] Participation Scheme''' (PSPS).

Between 1995 and 2000, the Hong Kong Housing Society also offered the [[Sandwich Class Housing Scheme]] for [[lower middle class]] families whose incomes exceeded the Home Ownership Scheme requirements, but still had trouble affording private housing. In 2002, falling real estate values led the government to pause the construction of new Home Ownership Scheme estates.<ref name=resume>{{cite news |title=Hong Kong says to resume subsidised housing scheme |url=https://www.reuters.com/article/tsang-housing-idUSH9E7KQ01920111012 |work=Reuters |date=11 October 2011}}</ref>

The Hong Kong government announced the resumption of the HOS programme in 2011 in response to public discontent over the territory's high housing prices.<ref name=resume/> A new series of HOS estates were inaugurated in 2017, and more are under construction.