Sandwich Class Housing Scheme

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 Scheme
Traditional Chinese夾心階層住屋計劃
Simplified Chinese夹心阶层住屋计划
Cantonese YaleGaap sām gāai chàhng jyuh ūk gai waahk

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]

Developments

The housing estates built under the scheme were:[2] (number of apartments and year of completion into brackets)

Three developments were converted into private properties for sale at full market values:[2]

Land reallocated to Housing Authority:

Sales

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]

See also

References
  1. Hong Kong Housing Society - 1995 - Tivoli Garden
  2. Hong Kong Housing Society - Sandwich Class Housing Scheme
  3. Payment of land premium for disposal of sandwich class flats
  4. Second mortgage loan arrangement for Sandwich Class Housing Scheme Owners
  5. Sandwich Class Housing Scheme Hong Kong Housing Society - Properties Under Management Archived 2011-07-16 at the Wayback Machine
  6. The planning application submitted to Town Planning Board in 1997
  7. The Standard: "Society shrugs off flats complaints", August 24, 1996
  8. Emporis - Mountain Shore
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