Press Release

Housing Society Announces the Re-sale of Greenhill Villa, Mount Verdant and Terrace Concerto rescinded units

The Hong Kong Housing Society (HKHS) announced today (17 February) that the rescinded units in its three Subsidised Sale Flats (SSF) projects would be put up for re-sale, jointly with the "Sale of Home Ownership Scheme (HOS) Flats 2022" (HOS 2022) of the Hong Kong Housing Authority (HA).  Applications from eligible persons will be accepted from 25 February 2022 to 24 March 2022.

A total of 27 rescinded units is available for the re-sale, including 11 units from Greenhill Villa in Sha Tin, 6 units from Mount Verdant in Tseung Kwan O and 10 units from Terrace Concerto in Tuen Mun.  All the three residential developments have been completed.  The saleable area of the re-sale units ranges from 271 to 740 sq.ft. (Note 1), comprising flat types of 1-bedroom to 3-bedroom.  The average selling prices of the re-sale units are set provisionally with a 49 per cent discount, i.e. to be sold at 51 per cent of the assessed market value, referencing upon the earlier announcement of the HA, while the final discount rate will be subject to the HA’s final announcement (Note 2).

The application and eligibility vetting procedures of this re-sale exercise for SSF and HOS 2022 will all be coordinated by the HA.  Therefore, eligible applicants only have to submit one single application and undergo vetting process for once, for the purchase of SSF or HOS units.  After the application deadline, balloting is expected to take place in the second quarter of 2022 and flat selection to commence in the fourth quarter of the same year.  The final schedule of all sales arrangements is subject to the announcement of the HA for HOS 2022 and the relevant announcements of HKHS later on.

The Sales Brochures, Price Lists and other related sales documents (excluding Application Forms and Application Guides under this sales exercise) can be obtained from the following websites and locations from 18 February 2022 to 24 March 2022:

1. Greenhill Villa website(www.greenhillvilla.com.hk);
2. Mount Verdant website(www.mountverdant.hkhs.com);
3. Terrace Concerto website(www.terraceconcerto.hkhs.com);
4. HKHS Applications Section (G/F, Dragon Centre, 23 Wun Sha Street, Tai Hang, Hong Kong)

Application Forms and Application Guides will be available on the HA HOS 2022 website (www.housingauthority.gov.hk/hos/2022) during the abovementioned period.

Within the application period from 25 February 2022 to 24 March 2022, Application Forms and Application Guides are also available at the below locations:

1. Rental Estate Offices of HKHS;
2. Podium Level 1, Hong Kong Housing Authority Customer Service Centre, 3 Wang Tau Hom South Road, Kowloon (Sales Brochures, Price Lists and other related sales documents of Subsidised Sale Flats projects re-sale units of HKHS under this sale exercise are also available);
3. The Office of Green Form Subsidised Home Ownership Scheme Sales Unit of the HA (1/F, Pioneer Place, 33 Hoi Yuen Road, Kwun Tong, Kowloon);
4. Estate Offices and District Tenancy Management Offices of the HA

Applicants can submit the application forms in-person or online.  Enquiries on HKHS rescinded units can be made via the HKHS sales hotline at 8101 2238.  Other enquiries on HOS 2022 can be made via the HA sales hotline at 2712 8000.





Notes:

1. Saleable area and the floor areas of every balcony, utility platform and verandah (if any) to the extent that it forms part of the residential property are calculated in accordance with section 8 of the Residential Properties (First-hand Sales) Ordinance. Please refer to the sales brochures of Greenhill Villa, Mount Verdant and Terrace Concerto for details.

2. For prices of the rescinded units, please refer to the price lists of Greenhill Villa, Mount Verdant and Terrace Concerto issued or revised by the Vendor from time to time.

To the extent that this press release constitutes an advertisement, the following remarks shall apply:

Name of Street and Street Number of the Development 'Greenhill Villa' : 63 Siu Lek Yuen Road  |  District : Sha Tin  |  The website address designated by the Vendor for the Development#: www.greenhillvilla.com.hk | The photographs, images, drawings or sketches shown in this advertisement / promotional material represent an artist’s impression of the development concerned only. They are not drawn to scale and / or may have been edited and processed with computerised imaging techniques. Prospective purchasers should make reference to the sales brochure for details of the development. The vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby.

This advertisement and contents thereof are for reference only and do not constitute and shall not be construed as any contractual term, offer, representation, undertaking or warranty, whether express or implied, given by the vendor.

The Vendor reserves the right to decide and change the date and method of sale and the number of residential units for sale, which shall be subject to the Information on Sales Arrangements issued or revised by the Vendor from time to time. | Residential property market conditions may change from time to time. Prospective purchasers shall consider their financial status and ability to afford and all relevant factors before deciding whether to purchase or when to purchase any residential property. In any circumstances or at any time, prospective purchasers shall not rely on or be affected by any content, information or concept of this advertisement/promotional material in deciding whether to purchase or when to purchase any residential property.

Vendor: Hong Kong Housing Society. Holding Company of the Vendor: Not applicable. Authorized Person for the Development: Mr. Ching Tak Keung, Wilbert. The firm or corporation of which an Authorized Person for the Development is a proprietor, director or employee in his professional capacity: Chung Wah Nan Architects Limited. Building Contractor for the Development: Chun Wo Construction and Engineering Company Limited. The firm of solicitors acting for the Owner in relation to the sale of residential properties in the Development: Baker & McKenzie. The authorized institution that has made a loan, or has undertaken to provide finance, for the construction of the Development: Not applicable. Other person who has made a loan for the construction of the Development: Not applicable. | #Website designated by the vendor for the Development for the purposes of Part 2 of the Residential Properties (First-hand Sales) Ordinance and containing electronic copies of sales brochure, price list(s) and register of transactions. | Prospective purchasers are advised to refer to the sales brochure for any information on the Development. Please refer to the sales brochure for details. This advertisement is published by, or with the consent of, the vendor. Date of printing: 17 February 2022.

Name of Street and Street Number of the Development ‘Mount Verdant’ : 48 Chui Ling Road  |  District: Tseung Kwan O  |  The website address designated by the Vendor for the Development#: www.mountverdant.hkhs.com | The photographs, images, drawings or sketches shown in this advertisement / promotional material represent an artist’s impression of the development concerned only. They are not drawn to scale and / or may have been edited and processed with computerised imaging techniques. Prospective purchasers should make reference to the sales brochure for details of the development. The vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby.

This advertisement and contents thereof are for reference only and do not constitute and shall not be construed as any contractual term, offer, representation, undertaking or warranty, whether express or implied, given by the vendor.

The Vendor reserves the right to decide and change the date and method of sale and the number of residential units for sale, which shall be subject to the Information on Sales Arrangements issued or revised by the Vendor from time to time. | Residential property market conditions may change from time to time. Prospective purchasers shall consider their financial status and ability to afford and all relevant factors before deciding whether to purchase or when to purchase any residential property. In any circumstances or at any time, prospective purchasers shall not rely on or be affected by any content, information or concept of this advertisement/promotional material in deciding whether to purchase or when to purchase any residential property.

Vendor: Hong Kong Housing Society. Holding Company of the Vendor: Not applicable. Authorized Person for the Development: Mr. Henry Lau King-chiu. The firm or corporation of which an Authorized Person for the Development is a proprietor, director or employee in his professional capacity: DLN Architects Limited. Building Contractor for the Development: Aggressive Construction Company Limited. The firm of solicitors acting for the Owner in relation to the sale of residential properties in the Development: Li, Kwok & Law, Solicitors & Notaries. The authorized institution that has made a loan, or has undertaken to provide finance, for the construction of the Development: Not applicable. Other person who has made a loan for the construction of the Development: Not applicable. | #Website designated by the vendor for the Development for the purposes of Part 2 of the Residential Properties (First-hand Sales) Ordinance and containing electronic copies of sales brochure, price list(s) and register of transactions. | Prospective purchasers are advised to refer to the sales brochure for any information on the Development. Please refer to the sales brochure for details. This advertisement is published by, or with the consent of, the vendor. Date of printing: 17 February 2022.

Name of Street and Street Number of the Development 'Terrace Concerto' : 3 Ming Kum Road  |  District: Tuen Mun  |  The website address designated by the Vendor for the Development#: www.terraceconcerto.hkhs.com | The photographs, images, drawings or sketches shown in this advertisement / promotional material represent an artist’s impression of the development concerned only. They are not drawn to scale and / or may have been edited and processed with computerised imaging techniques. Prospective purchasers should make reference to the sales brochure for details of the development. The vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby.

This advertisement and contents thereof are for reference only and do not constitute and shall not be construed as any contractual term, offer, representation, undertaking or warranty, whether express or implied, given by the vendor.

The Vendor reserves the right to decide and change the date and method of sale and the number of residential units for sale, which shall be subject to the Information on Sales Arrangements issued or revised by the Vendor from time to time. | Residential property market conditions may change from time to time. Prospective purchasers shall consider their financial status and ability to afford and all relevant factors before deciding whether to purchase or when to purchase any residential property. In any circumstances or at any time, prospective purchasers shall not rely on or be affected by any content, information or concept of this advertisement/promotional material in deciding whether to purchase or when to purchase any residential property.

Vendor: Hong Kong Housing Society. Holding Company of the Vendor: Not applicable. Authorized Person for the Development: Mr. Henry Lau King-chiu. The firm or corporation of which an Authorized Person for the Development is a proprietor, director or employee in his professional capacity: DLN Architects Limited. Building Contractor for the Development: Sun Fook Kong Construction Limited. The firm of solicitors acting for the Owner in relation to the sale of residential properties in the Development: Li, Kwok & Law, Solicitors & Notaries. The authorized institution that has made a loan, or has undertaken to provide finance, for the construction of the Development: Not applicable. Other person who has made a loan for the construction of the Development: Not applicable. | #Website designated by the vendor for the Development for the purposes of Part 2 of the Residential Properties (First-hand Sales) Ordinance and containing electronic copies of sales brochure, price list(s) and register of transactions. | Prospective purchasers are advised to refer to the sales brochure for any information on the Development. Please refer to the sales brochure for details. This advertisement is published by, or with the consent of, the vendor. Date of printing: 17 February 2022.