Long Lease Incentive Program
- The following persons are eligible to join this Program:
- All Long Lease Wait-listing Person;
- Existing Short Lease Tenant;
- Existing Long Lease Tenant who intends to take a Long Lease of another residential unit
- To have greater flexibility to determine Long Lease Tenancy during the 24-month fixed term tenancy
- To enjoy a rebate up to maximum 48 months fixed rate rental fee - 200% of the total paid rental will be reimbursed as part of the Entry Contribution (the "EC") when converting to Long Lease Tenancy
- To secure FY2021/2022 EC price level when applying to Long Lease Tenancy calculation
- Only applicable to three specified unit types: Studio units, 1-bedroom units (with storeroom) and (2-bedroom units (without storeroom))*
*(To be launching in the first quarter of 2023)
The calculation of the Net Entry Contribution paid at the time of Long Lease conversion:
Net Entry Contribution = Entry Contribution FY2021/2022 (EC - List Number 1H) – [Total Rental paid x 200%]
Click here to download the Important Notes: Long Lease Incentive Program
Case illustration of the Long Lease Incentive Program mechanism:
Scenario 1
Scenario 2
Scenario 3
List of Rental
Tower 1 Tower 2 Tower 3
List of Entry Contribution (FY2021/2022)
Long Lease Incentive Program