Wang Fuk Court Buyout Acceptance Reaches 96.5%
AM730 · 5 SOURCESabout 1 hour ago2 MIN
Summary
Hong Kong's long-term rehousing plan for Wang Fuk Court in Tai Po is entering its final stage, with the Housing Bureau saying 1,914 owners, or 96.5%, had returned acceptance letters by August 27. Housing Secretary Winnie Ho Wing-yin urged the remaining 70 households to submit their letters by 5pm on August 31 and said the Special Sales Plan will move into computer balloting and flat selection next month.
Key Points
- Ho said the number of owners yet to return acceptance letters fell from more than 100 earlier this week to 70 by August 27.
- The deadline for signing and returning the acceptance letter is 5pm on August 31, after which owners may miss the government's long-term housing arrangement.
- The Housing Bureau will group replies received on or before June 30 and on or before August 31 for separate computer random balloting batches.
- Ballot results will be sent to owners by letter next month, with flat selection due to start by late September at about 50 to 80 households a day.
- The Special Sales Plan covers 10 projects in Tai Po and urban areas, including some ready for occupation this year and some already fitted out.
Why It Matters
For owners who have not yet responded, the next few days are effectively the last chance to stay within the government's rehousing pathway tied to the buyout plan. For those who have already accepted, the focus now shifts from the letter stage to signing sale agreements so they can proceed to flat selection and eventual purchase of replacement homes.
For owners who have not yet responded, the next few days are effectively the last chance to stay within the government's rehousing pathway tied to the buyout plan. For those who have already accepted, the focus now shifts from the letter stage to signing sale agreements so they can proceed to flat selection and eventual purchase of replacement homes.