More than 12,680 applications received for URA’s Subsidised Sale Flat Scheme Units at Kai Tak development
The Urban Renewal Authority (URA) has received more than 12,680 applications for its Subsidised Sale Flat (SSF) Scheme Units at its Kai Tak development, among which about 65% are single person applicants.
All applications are being processed by the Hong Kong Housing Society (HKHS) as commissioned by the URA. The Authority will conduct the computer balloting process in early March to determine the sequence for flat selection after which the HKHS will carry out the screening process. The URA will invite eligible applicants for flat selection according to the order of priority determined by the computer balloting in early May. It is expected that the relevant sale process will be completed by the end of May and the successful applicants can move in during the third quarter of 2016.
The sales arrangement for the SSF Scheme units will be uploaded on the Kai Tak development website (www.urakaitak.hk) and the Sales of First-hand Residential Properties Electronic Platform in accordance with the Residential Properties (First-hand Sales) Ordinance.
Occupying a site of about 61,290 square feet, the URA's development at Kai Tak consists of three high blocks (H1, H2, H3) and one low block (L1) of residential buildings, providing 484 flats with saleable area ranging from about 332 to 675 square feet, of which 338 are selected for the SSF Scheme, and 146 flats to be sold under the Flat-For-Flat Scheme. There is a commercial block of about 6,140 square feet in the URA's Kai Tak development. The development adopts a modest and sustainable design approach and has achieved the BEAM Plus Provisional 'Platinum' rating from the Hong Kong Green Building Council.