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Back|Over 85% of Wang Fuk Court owners sign agreements to sell flats to Hong Kong government
Over 85% of Wang Fuk Court owners sign agreements to sell flats to Hong Kong government
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SCMP Economy·2 hours ago·Real_estate·1 min read·🇨🇳China

Over 85% of Wang Fuk Court owners sign agreements to sell flats to Hong Kong government

Authorities hold computerised draws to determine selection sequence for subsidised flats under special rehousing scheme.

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More than 85% of flat owners at Wang Fuk Court have signed agreements to sell their properties to the Hong Kong government, as authorities initiate flat selection for a special rehousing scheme.

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Authorities launched a special rehousing scheme following a blaze at Wang Fuk Court.

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More than 85 per cent of owners at the blaze-hit Wang Fuk Court have signed agreements to sell their flats to the Hong Kong government as authorities move ahead with flat selection under a special rehousing scheme.

Authorities said on Tuesday that 1,702 households – 85.8 per cent of flat owners across blocks A to H at the estate – had signed sale and purchase agreements as of Monday.

On the same day, the bureau held computerised draws to determine the selection sequence for subsidised flats under the scheme.

“The Housing Bureau conducted separate computerised random-ordering ballots for the two batches of applicants to determine the sequence of the last two digits of the application numbers held by the applicants,” a spokesman said. “Based on the ballot results, the Housing Bureau randomly generated the order of all applicants.”

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  • ?When will the flat selection process conclude?
  • ?What are the terms of the sale and purchase agreements?

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This article was originally published by SCMP Economy.

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More than 85% of flat owners at Wang Fuk Court have signed agreements to sell their properties to the Hong Kong government, as authorities initiate flat selection for a special rehousing scheme.

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Published
2 hours ago
wang fuk court
hong kong government
housing bureau
wang fuk court
Hong Kong government
Housing Bureau
Wang Fuk Court
Hong Kong
hong kong government
housing bureau
rehousing scheme
property acquisition

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