My Home Purchase Plan Opens Subsidized Sha Tin Sites for First-Time Buyers

The My Home Purchase Plan reserves subsidized housing sites in Sha Tin along with Tsing Yi, Diamond Hill, Tai Po and Tuen Mun for eligible first-time buyers whose household income stays under $39,000 per month and whose assets remain under $600,000.

Plan Eligibility Criteria

Sha Tin sites form part of the designated locations under the My Home Purchase Plan. Buyers must confirm they meet the income limit of $39,000 monthly and the asset cap of $600,000 before applying for units in these developments. The plan targets households entering the market for the first time and directs them toward the reserved sites in Sha Tin where new subsidized projects are being prepared.

Transaction Safeguards for New Projects

First-time buyers in Sha Tin must verify that the developer has secured a Consent to Sell from the Lands Department before any agent accepts a deposit or reservation fee. Estate agents are prohibited from receiving deposits ahead of this approval. Buyers are advised to review the sales brochure and price list in detail to prevent financial loss during the reservation stage for these new developments.

Updated Buyer Checklist

A 2026 checklist for Hong Kong first-time buyers covers four core areas of financial planning, property research, transaction process and mortgage basics. Down payments often begin at hundreds of thousands of dollars given current price levels. The checklist stresses completing these steps before committing to units in reserved sites such as those in Sha Tin.

Post-Purchase Steps

Upon taking possession of a new property in Sha Tin, buyers must inspect fittings and finishes immediately, record any defects and notify the developer promptly to arrange repairs. This process applies directly to units obtained through the My Home Purchase Plan and helps protect the investment in the new development.

These requirements together shape how new subsidized projects in Sha Tin will serve eligible buyers. Prospective purchasers should complete the four checklist areas and confirm Consent to Sell status before proceeding with any reservation at the designated sites.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.