THE Housing Authority of Hong Kong will put 4,000 surplus affordable flats on sale in June through its Home Ownership Scheme, at prices ranging from HK$302,000 (US$38,711) to HK$3.28 million, it said on Monday.

The flats comprise the remaining stock of surplus HOS units and those left over from a special sale exercise which will be completed next month. A 30 percent discount has been applied to the assessed market values.

The income limit for family applicants will be HK$27,000 per month and the asset limit will be HK$530,000 while limits for one-person applicants will be set at HK$13,500 and HK$265,000. Applications to buy these surplus HOS flats will open in June. Flat selection by successful applicants will start in August.

The authority also said it will continue to allocate the biggest share of the planned public rental housing flat supply, at 70.5 percent of the year's provision, to Waiting List applicants in 2010/2011.

A total of 31,100 PRH flats will be provided for eligible families, of which 21,930 flats will go to WL applicants. The target of the PRH project is to maintain the average waiting time at around three years for ordinary WL applicants.