Hung Fuk Estate Ballot Set for Sept 15 as 99% Owners Accept Acquisition
HK01 · 2 SOURCESabout 1 hour ago2 MIN
Summary
The Housing Bureau announced on September 9 that the much-anticipated ballot for Hung Fuk Estate's special sales plan will take place next Tuesday, September 15, at 11:30 AM, with the proceedings broadcast live online. The scheme, designed to facilitate the government's acquisition of the estate, has seen overwhelming participation with 99.1% of the 1,984 households—totaling 1,967 owners—signing and returning their acceptance letters. Only 17 owners declined to participate in the scheme, which will eventually allow successful applicants to choose from ten subsidized housing projects offering over 4,400 units in total.
Key Points
- Ballot scheduled for September 15 at 11:30 AM with live webcast; results published same afternoon on dedicated webpage
- 1,967 of 1,984 Hung Fuk Estate owners (99.1%) returned acceptance letters; only 17 refused government acquisition
- Selection priority determined by submission batch: first batch deadline June 30, second batch deadline August 31
- Applicants may join ballot without signing Sale and Purchase Agreement, but must complete it before unit selection
- Ten subsidized housing projects offered: eight under Housing Authority, two under Housing Society; over 4,400 units total
Why It Matters
The near-unanimous acceptance rate demonstrates strong owner support for the government's acquisition scheme and sets a precedent for future urban renewal initiatives involving private residential estates. With prices ranging from HK$1.51 million for the most affordable option to HK$5.36 million for premium units, the scheme provides a clear pathway for displaced owners to acquire subsidized replacement housing while the government advances its redevelopment agenda for Hung Fuk Estate .
The near-unanimous acceptance rate demonstrates strong owner support for the government's acquisition scheme and sets a precedent for future urban renewal initiatives involving private residential estates. With prices ranging from HK$1.51 million for the most affordable option to HK$5.36 million for premium units, the scheme provides a clear pathway for displaced owners to acquire subsidized replacement housing while the government advances its redevelopment agenda for Hung Fuk Estate .