Aim of the Scheme
This Scheme is to encourage residents of apartments/terraced houses and maisonettes owned by the Housing Authority and the Government Property Department to become owner occupiers and continue using the property as their ordinary residence.
10Y
Before property can be transferred
50%
Subsidy on the price of the property to be purchased
25%
Penalty over market value for false declaration
<€150k
Assets of applicants to benefit from the subsidy