Sandwich Class Housing Scheme
{{Use Hong Kong English|date=November 2020}}
{{Use dmy dates|date=November 2020}}
{{Infobox Chinese
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|t=夾心階層住屋計劃
|s=夹心阶层住屋计划
|j=Gaap3 sam1 gaai1 cang4 zyu6 nguk1 gai3 waak6
|y=Gaap sām gāai chàhng jyuh ūk gai waahk
|p=Jiāxīn Jiēcéng Zhù Wū Jìhuà
}}
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,[http://www.hkhs.com/eng/info/photo07.asp Hong Kong Housing Society - 1995 - Tivoli Garden] was completed in 1995, and was followed by 12 other developments. In total, more than 12,000 units were offered.[http://www.hkhs.com/eng/business/sandwich.asp Hong Kong Housing Society - Sandwich Class Housing Scheme]
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.[http://www.info.gov.hk/gia/general/200507/16/07160119.htm Payment of land premium for disposal of sandwich class flats]
Developments
The housing estates built under the scheme were: (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)[http://www.legco.gov.hk/yr02-03/english/panels/hg/papers/hg0505cb1-1550-4-e.pdf Second mortgage loan arrangement for Sandwich Class Housing Scheme Owners]
- Marina Habitat (悅海華庭), Ap Lei Chau (992 - 1998)
- 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:
- Cayman Rise, Kennedy Town
- Radiant Towers (旭輝臺) Tseung Kwan O (704 - 1999)[http://www.hkhs.com/pdf/ar2007/092-PropertiesUnderManagement.pdf Sandwich Class Housing Scheme Hong Kong Housing Society - Properties Under Management] {{webarchive|url=https://web.archive.org/web/20110716081314/http://www.hkhs.com/pdf/ar2007/092-PropertiesUnderManagement.pdf |date=2011-07-16 }}
- 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)[http://www1.ozp.tpb.gov.hk/gist/apply/en_tc/A_TSW_8_TC.pdf The planning application submitted to Town Planning Board in 1997]
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.[http://www.thestandard.com.hk/archive_news_detail.asp?pp_cat=&art_id=44550&sid=&con_type=1&archive_d_str=19960824 The Standard: "Society shrugs off flats complaints", August 24, 1996]{{dead link|date=May 2018 |bot=InternetArchiveBot |fix-attempted=yes }}
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.
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.{{usurped|1=[https://web.archive.org/web/20061027074504/http://www.emporis.com/en/wm/cx/?id=104164 Emporis - Mountain Shore]}}
See also
References
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