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]
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]
Wikimedia Commons has media related to Sandwich Class Housing Scheme.
Sandwich Class Housing Scheme leaflet
Provisional LegCo Panel on Housing - Sandwich Class Housing Scheme
March 14, 2024
sandwich, class, housing, scheme, scheme, from, hong, kong, housing, society, offering, apartments, middle, income, families, sandwich, class, concessionary, prices, during, 1990s, hong, kong, purchases, were, subject, five, year, resale, restriction, first, d. 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 Sandwich Class Housing SchemeTraditional Chinese夾心階層住屋計劃Simplified Chinese夹心阶层住屋计划Cantonese YaleGaap sam gaai chahng jyuh uk gai waahkTranscriptionsStandard MandarinHanyu PinyinJiaxin Jieceng Zhu Wu JihuaYue CantoneseYale RomanizationGaap sam gaai chahng jyuh uk gai waahkJyutpingGaap3 sam1 gaai1 cang4 zyu6 nguk1 gai3 waak6Unlike 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 Contents 1 Developments 2 Sales 3 See also 4 References 5 External linksDevelopments editThe 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 editDemand 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 editMy Home Purchase PlanReferences 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 ShoreExternal links edit nbsp Wikimedia Commons has media related to Sandwich Class Housing Scheme Sandwich Class Housing Scheme leaflet Provisional LegCo Panel on Housing Sandwich Class Housing Scheme Retrieved from https en wikipedia org w index php title Sandwich Class Housing Scheme amp oldid 1111255709, wikipedia, wiki, book, books, library,
