My Home Purchase Plan
My Home Purchase Plan is one of the public housing initiatives of Hong Kong. This plan enables eligible citizens to purchase homes by way of "rent-and-buy". The Plan aims to provide assistance to potential sandwich class home buyers who are able to repay mortgages in the long term but currently do not have enough savings for the down payment. This plan is introduced by the Chief Executive of Hong Kong in the Policy address of Hong Kong 2010. The implementation of plan, that is the first 5000 flats under the plan is expected to be ready for sell in 2014.