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RESEARCH REPORT

Home Ownership and Youth Social Mobility

22 Mar 2023 (Wed)

Our Hong Kong Foundation (OHKF) published its advocacy research on youth homeownership and social mobility. Through scrutinising income data of various education levels in the past three decades, this study delves into the phenomenon of youth housing predicament and lack of social mobility, and proposes enhancements in subsidised housing policies as a solution. 

To this end, OHKF recommends that the Government extend the mortgage guarantee period for second-hand Home Ownership Scheme (HOS) flats to reduce the down payment required for purchasing an older second-hand HOS flat; fully open up the HOS secondary market to increase choices available for first-time homebuyers and increase unit turnover, and; refine the balloting system of subsidised sale flats to improve the success rate of applicants with multiple failed applications.


Our Hong Kong Foundation (OHKF) published its advocacy research on youth homeownership and social mobility. Through scrutinising income data of various education levels in the past three decades, this study delves into the phenomenon of youth housing predicament and lack of social mobility, and proposes enhancements in subsidised housing policies as a solution. 

To this end, OHKF recommends that the Government extend the mortgage guarantee period for second-hand Home Ownership Scheme (HOS) flats to reduce the down payment required for purchasing an older second-hand HOS flat; fully open up the HOS secondary market to increase choices available for first-time homebuyers and increase unit turnover, and; refine the balloting system of subsidised sale flats to improve the success rate of applicants with multiple failed applications.

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