---
title: "UBS expects a high likelihood of the Hong Kong government reintroducing the Home Ownership Scheme, which may have a slight negative impact on local developers"
description: "UBS expects the Hong Kong government to reintroduce the public housing rental purchase scheme in the upcoming fiscal budget, believing that the likelihood of this move is high. This scheme will help i"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276555395.md"
published_at: "2026-02-23T01:41:35.000Z"
---

# UBS expects a high likelihood of the Hong Kong government reintroducing the Home Ownership Scheme, which may have a slight negative impact on local developers

> UBS expects the Hong Kong government to reintroduce the public housing rental purchase scheme in the upcoming fiscal budget, believing that the likelihood of this move is high. This scheme will help improve the financial situation, but its direct negative impact on the private residential market is limited. If competition decreases, it may affect the demand for lower-priced private residences by HKD 3 million to 5 million. UBS believes this policy will have a slight negative impact on local developers, but will provide positive support for retail consumption at LINK REIT

UBS published a research report indicating that the new fiscal budget will be announced on Wednesday (25th), and the market is concerned about whether it will introduce a reduction in the stamp duty for residential properties from HKD 4 million to HKD 6 million, explore the possibility of allowing the use of Mandatory Provident Fund for property purchases or rentals, and reintroduce the public housing purchase scheme. Considering that Hong Kong has seen a strong recovery since the beginning of the year, UBS expects the government will not introduce additional broad stimulus measures, but relatively speaking, believes the likelihood of reintroducing the purchase scheme is higher, as this move can help the government recover funds to improve its financial situation and also help address the issue of wealthy public housing tenants.

UBS stated that reintroducing the purchase scheme will have limited direct negative impact on the private residential market, but if competition for subsidized housing sales decreases, or if the authorities further relax the income limits for white form applicants, it may erode the demand for private residential properties priced between HKD 3 million and HKD 5 million. The bank believes the policy will have a slight negative impact on local developers, especially those involved in more entry-level developments. Additionally, it expects the policy to be positive for Link REIT (00823.HK), anticipating it will support retail consumption in Link REIT's shopping malls.

Since 2005, the Hong Kong government has not allocated more eligible public housing estates to the purchase scheme. Currently, there are 39 public housing estates in Hong Kong with approximately 32,000 unsold units. The bank expects that if the scheme is reintroduced, the authorities will focus on newer public housing estates, believing that over 40,000 wealthy public housing households and more than 7,700 households currently undergoing income and asset declaration investigations will become the core participant group

### Related Stocks

- [00823.HK - LINK REIT](https://longbridge.com/en/quote/00823.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Armour 住宅房地产｜8-K：2025 财年 Q4 营收 2.26 亿美元 |  | [Link](https://longbridge.com/en/news/276273089.md) |
| Puravankara 在班加罗尔电子城推出了高端住宅开发项目 | Puravankara 有限公司：在班加罗尔电子城推出高端住宅开发项目 | [Link](https://longbridge.com/en/news/276317160.md) |
| 警方正在寻找非法闯入上汤申一户人家的嫌疑人 | 新加坡警方正在寻找一名嫌疑人，该嫌疑人于 2 月 21 日晚间闯入了上汤申的一处住宅。他们在晚上 9:40 左右接到了一通关于玛丽戈德大道一处住所的求助电话。警方到达后确认，有人未经允许进入该处房屋，并在他们到达之前离开。目前调查仍在进行中 | [Link](https://longbridge.com/en/news/276526517.md) |
| 独家报道 \| 一位蒙古买家以 3150 万美元购入香港住宅，计划用于退休 | 一家蒙古矿业家庭的 Tisara Holdings 在香港南区购买了一处价值 2.47 亿港元（3150 万美元）的住宅作为退休住所。根据董事 Tselmuun Nyamtaishir 的说法，该交易于 1 月 29 日签署，涉及 One  | [Link](https://longbridge.com/en/news/276295716.md) |
| Arctaris Impact Investors 在科罗拉多斯普林斯的多户住宅物业中重新注资 1950 万美元 - 这是一次机会区投资 | Arctaris Impact Investors 宣布与 Jackson Dearborn Partners 合作，在科罗拉多斯普林斯的 Cimarron Hills 投资 1950 万美元的优先股权，项目为一个拥有 234 个单元的多户 | [Link](https://longbridge.com/en/news/276367246.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.