Tenants Purchase Scheme is a scheme which allows tenants in public housing estate

Public housing in Hong Kong

Public housing in Hong Kong is a set of mass housing programmes through which the Government of Hong Kong provides affordable housing for lower-income residents. It is a major component of housing in Hong Kong, with nearly half of the population now residing in some form of public housing...

s under Hong Kong Housing Authority

Hong Kong Housing Authority

The Hong Kong Housing Authority is the main provider of public housing in Hong Kong. It was established in 1973 under the Housing Ordinance and is an agency of the Government of Hong Kong...

 to purchase their flats. The price is set to be much lower than the market prices of private flats and Home Ownership Scheme

Home Ownership Scheme

The Home Ownership Scheme is a subsidized-sale programme of public housing in Hong Kong managed by the Hong Kong Housing Authority...

 (HOS) owning to the age of flats and restriction on selling.

History

In November 2002, in response to a weak property market which was allegedly being distorted by public housing sales schemes, it was decided to terminate the TPS after the sale of the five estates under Phase 6B. The suspension of the HOS was announced at the same time.

In June 2004, phase 6A was announced for a total of about 25,000 units: the authority would sell 5,100 flats in Cheung Wah Estate in Fanling in June; flats in Lei Tung Estate, Po Lam Estate and Shan King Estate will be sold in stages by the end of 2004.

In May 2005, the Government announced the estates which would be in 6B, the final phase of the Tenants Purchase Scheme. 23,451 flats under the Housing Authority, comprising Cheung Fat Estate in Tsing Yi

Tsing Yi

Tsing Yi , or Tsing Yi Island is an island in the urban area of Hong Kong, to the northwest of Hong Kong Island and south of Tsuen Wan. With an area of 10.69 km², the island has extended drastically by reclamation along almost all its natural shore and the annexation of Nga Ying Chau and Chau...

, Fu Shin Estate in Tai Po

Tai Po

Tai Po is an area in the New Territories of Hong Kong. It refers to the vicinity of the traditional market towns in the area presently known as Tai Po Old Market or Tai Po Kau Hui and the Tai Wo Town on the other side of the Lam Tsuen River, near the old Tai Po Market Station of the...

, Long Ping Estate in Yuen Long

Yuen Long

Yuen Long , formerly Un Long, is an area and town located in the northwest of Hong Kong, on the Yuen Long Plain. To its west lie Hung Shui Kiu and Ha Tsuen, to the south Shap Pat Heung and Tai Tong, to the east Au Tau and Kam Tin, and to the north Nam Sang Wai.-Name:The Cantonese name Yuen Long 元朗...

, Nam Cheong Estate in Sham Shui Po

Sham Shui Po

Sham Shui Po, or Shamshuipo, is an area of Sham Shui Po District, Hong Kong, situated in the northwestern part of the Kowloon Peninsula, north of Tai Kok Tsui, east of Cheung Sha Wan and south of Shek Kip Mei. Sham Shui Po is known for its street market for electronic devices.-History:Sham Shui Po...

, and Tsui Lam Estate in Tseung Kwan O

Tseung Kwan O

Tseung Kwan O is a bay in Sai Kung District, New Territories, Hong Kong. In the northern tip of the bay lies the Tseung Kwan O Village....

would be set for sale by the end of 2006.