1) HOS Flats after the Five-year Period
The premium is assessed from the full market value at the time of payment and the original market value and purchase price stated in the first deed of assignment, or in the most recent HA resale assignment where applicable. In essence, it reflects the current value of the original discount. View the premium calculation method.Joint owners must each sign the application in the same manner as the sale and purchase agreement. If an owner appoints a representative, written authorisation stating both parties’ names, HKID numbers and the property address is required.
2) Submit the Premium Application
Submit the completed application and all required documents. Use HD1065C for flats whose five-year restriction period has expired, and HD1066C for Tenants Purchase Scheme flats still within that period. Include a daytime contact number for inspection and valuation arrangements. Send or deliver the form, a copy of the title deed and the required fee (currently $6,780, subject to HA revision) to the relevant District Tenancy Management Office or the Premium Assessment Section, Support Services Sub-section 4, Housing Department, 1/F, Block 2, HA Headquarters, 33 Fat Kwong Street, Ho Man Tin, Kowloon (Tel: 2712 2712). Make the crossed cheque or cashier’s order payable to “Hong Kong Housing Authority” and write the property address on the reverse. Fees are non-refundable but may be deducted from the premium if payment is made within the specified period. Incomplete applications will not be processed. An assessed premium is currently valid for two months; a new application and fee are required for reassessment.
Owners may also apply online via the Housing Authority website, GovHK or iAM Smart, subject to the relevant digital-signature requirements. After applying online, return the crossed cheque or cashier’s order for the fee to the Premium Assessment Section. See the Housing Department premium-payment arrangements for details.
3) Valuation and Premium Assessment Notice
The Housing Department or its appointed surveyor will arrange an inspection and valuation of the flat. Once all documents are received, the assessment notice is generally issued in about one month, although applications for newly eligible estates may take longer.
4) Pay the Premium or Lodge an Appeal
Payment of premium The owner must pay within two months of the assessment notice, otherwise a new application and fee are required.
Objection / appeal against the assessment An owner who disputes the assessed market value must lodge a formal appeal with the Lands Tribunal within 28 days of the assessment notice, or submit an objection to the Housing Department or its appointed surveyor within the same period. Late objections or appeals are not accepted. After the premium is paid, the flat may be sold, let, mortgaged or otherwise transferred. If an appeal changes the assessment, any reduction is refunded; any increase must be paid to the Housing Authority.
5) Certificate for Removal of Alienation Restrictions
After payment by cashier’s order or crossed solicitor’s cheque, the Housing Department issues a certificate confirming that the premium has been paid and the alienation restrictions have been removed. Owners should arrange with their solicitor to register the certificate at the Land Registry.