The Housing Authority announced today that the White Form Secondary Market Scheme 2024 (WSM 2024) will open for applications starting from 8am tomorrow until 7pm on March 26.

Starting from WSM 2024, the quota will increase significantly by 1,500 to 6,000, the authority explained. The additional 1,500 quotas are designated for the Youth Scheme (WSM) and will be allocated to young applicants aged below 40.

The additional Youth Scheme (WSM) quotas comprise 1,350 quotas allocated to young family applicants and 150 allocated to young one-person applicants.

The remaining 4,500 ordinary quotas include 4,050 quotas allocated to family applicants and 450 quotas allocated to one-person applicants.

Regarding application arrangements, the authority pointed out that the WSM 2024 will adopt the eligibility criteria for the Sale of Home Ownership Scheme Flats 2024, including the income and asset limits as well as restrictions on domestic property ownership in Hong Kong.

The income and asset limits for family applicants are set at $60,000 per month and $1.23 million, while the income and asset limits for one-person applicants are set at $30,000 per month and $615,000.

Balloting exercises are expected to be held in the second quarter of this year, and the issuance of approval letters to successful applicants are expected to start from the third or fourth quarter of this year.

Application forms and guides can be viewed and downloaded from the designated website from today.

Printed copies can be obtained from the authority’s Customer Service Centre in Lok Fu, the Green Form Subsidised Home Ownership Scheme Sales Unit’s office, estate offices and district tenancy management offices as well as the Housing Society’s rental estate offices and the Home Affairs Department’s Home Affairs Enquiry Centres, also from today.

Call the 24-hour hotline at 2712 8000 for application matters.