Green Form Sale 2025: Kowloon Bay Unit Sells in Seconds as First Buyers Pick Flats
On.cc · 2 SOURCESabout 1 hour ago2 MIN
Summary
The Green Form Subsidized Sale 2025 commenced on May 25 at the Kwun Tong selection office, offering a total of 1,389 units including 857 new units at Kowloon Bay's Shengzhiyuan, approximately 120 resold units, and about 400 recycled units from the Tenants Purchase Scheme. Units are priced at 60% of market value, ranging from HK$1.68 million to HK$3.54 million. The project's most coveted unit—Shengzhiyuan Tower A Unit 3806—was sold immediately upon opening, while 610 units have been reserved for a separate Hung Fuk Estate sales scheme scheduled for September .
Key Points
- Shengzhiyuan Tower A Unit 3806, the project's "crown jewel" at 462 sq ft, sold for approximately HK$3.54 million within minutes of the selection process starting
- A total of 1,389 units were available, including 857 new units, 121 resold units, and 411 Tenants Purchase Scheme recycled units
- Mr. Wu from Wah Fu Estate purchased an A-Tower high-floor 2-bedroom unit at about 430 sq ft, citing panoramic views and proximity to MTR
- Retired Ms. Zhang from Sai Wan Estate acquired a mid-floor 2-bedroom unit, describing herself as a "new immigrant" needing time to adjust
- Ms. Li from Choi Hung Estate became the first buyer of a resold unit, choosing Kam Pak Court in Sha Tin for its school network
Why It Matters
This sale marks a significant milestone for public housing residents affected by redevelopment schemes, as 418 households—including 333 family applicants—were granted top priority in the selection queue . The strong demand for these subsidized units underscores the importance of the Green Form scheme in helping grassroots families climb the property ladder, while the diverse choices made by buyers highlight how factors like school networks, transportation links, and community facilities influence housing decisions in Hong Kong's tight property market.
This sale marks a significant milestone for public housing residents affected by redevelopment schemes, as 418 households—including 333 family applicants—were granted top priority in the selection queue . The strong demand for these subsidized units underscores the importance of the Green Form scheme in helping grassroots families climb the property ladder, while the diverse choices made by buyers highlight how factors like school networks, transportation links, and community facilities influence housing decisions in Hong Kong's tight property market.