Tenants Purchase Scheme (Chinese:租者置其屋計劃; Jyutping:zou1 ze2 zi3 kei4 nguk1 gai3 waak6; TPS) is a scheme which allows tenants in public housing estates under Hong Kong Housing Authority to purchase their flats. The price is set to be much lower than the market prices of private flats and Home Ownership Scheme (HOS) owing to the age of flats and restriction on selling.
History
In November 2002, in response to a weak property market which was allegedly being distorted by public housing sales schemes, it was decided to terminate the TPS after the sale of the five estates under Phase 6B. The suspension of the HOS was announced at the same time.
In June 2004, phase 6A was announced for a total of about 25,000 units: the authority would sell 5,100 flats in Cheung Wah Estate in Fanling in June; flats in Lei Tung Estate, Po Lam Estate and Shan King Estate will be sold in stages by the end of 2004.
In May 2005, the Government announced the estates which would be in 6B, the final phase of the Tenants Purchase Scheme. 23,451 flats under the Housing Authority, comprising Cheung Fat Estate in Tsing Yi, Fu Shin Estate in Tai Po, Long Ping Estate in Yuen Long, Nam Cheong Estate in Sham Shui Po, and Tsui Lam Estate in Tseung Kwan O would be set for sale by the end of 2006.
Hard butter has often been the bane of my existence – and living in a cold house didn’t help ... It was built as part of the Fairbrothers’ Fields housing scheme, now known as the Tenters, the first tenant purchase project in the Irish Free State ... .
... at three years, citing an expected increase in the number of recovered public rental housing units due to a rise in tenants returning their PRH units after purchasing Home Ownership Scheme flats.
Threshold assisted her in exploring the Tenant-in-Situ Scheme, which allowed the Local Authority to purchase the home from the landlord. The landlord agreed to sell the property through the scheme, ...
... the ratio between Green and WhiteForms for the Home Ownership Scheme (HOS) flats is intended to encourage more public housing tenants to purchase homes but not aim to stimulate the property market.
A 44% increase (€220 to €720) to the NationalChildcare Scheme will mean an average reduction in costs of €1,100 per child ...Help to Buy scheme retained for first-time buyers of new homes by way of a 10% income tax refund.
He said a housing scheme, where tenants on lower wages can rent to buy, would make good sense. “The government’s got to do something to help tenants to get into property easier,” he said.
The Housing Authority schemes aim at improving housing affordability in Malta can be grouped into 3 categories; first, schemes intended to assist buyers or tenants to become homeowners; schemes that ...
... unsold or rescinded units from Kai Chuen Court in Diamond Hill, Ko Wang Court in Yau Tong and Kam Pak Court in Ma On Shan, as well as a new batch of about 350 recovered Tenants Purchase Scheme flats.
... under GSH 2020/21, as well as Ko WangCourt in Yau Tong and Kam Pak Court in Ma On Shan sold under GSH 2022, there will also be a new batch of about 350 recovered Tenants Purchase Scheme (TPS) flats.
Housing SecretaryAngela Rayner is said to be planning on watering down the right-to-buy scheme which enables council tenants to purchase their homes from local authorities at a significantly reduced price.
The FMBN Rent-to-Own scheme is an ... Under this scheme, tenants make affordable monthly, quarterly, or annual rent payments, with a portion of the rent contributing towards the purchase of the property.
The StandardChannel. IOSAndroid. IOS Android ... They urged the government to introduce policies, such as readjusting the allocation of public housing and flats under the Home Ownership Scheme, as well as restarting the Tenants Purchase Scheme. ... .
He says, under the home purchase scheme, these homebuyers can now become tenants of the properties and avoid an immediate 30% loss in property value while their rents will be collected by local governments to repay bank loans.
right to buy , that totemic scheme whereby the tenants of council houses and flats can purchase such properties at a discount, and become members of what Conservatives call the property-owning democracy ...John Harris is a Guardian columnist ....
