Govt reminds Wang Fuk owners to sign acceptance letter
The Housing Bureau on Tuesday reminded owners of Wang Fuk Court in Tai Po to sign and return their "Letter of Acceptance" by 5pm on August 31 if they accept the government's acquisition offer. The reminder covers eight blocks – from A to H – in the fire-damaged estate. A Housing Bureau spokesman said the acquisition price is about 30 percent higher than market valuations before the blaze in…
The Housing Bureau has urged Wang Fuk Court residents in Tai Po to sign and return their acceptance letter by August 31 if they wish to accept the government's acquisition offer. This reminder applies to eight blocks, labeled A through H, within the fire-damaged estate. The government has offered a price roughly 30% higher than pre-blast market valuations, determined by the Hong Kong Institute of Surveyors.
Officials have stated that this arrangement for an exceptional case is not intended to set a precedent. Following the August 31 deadline, unclaimed properties will be dealt with through regular market processes. The government remains open to utilizing legislative measures for any remaining unsold flats, should the need arise. Currently, more than 4,400 flats located in 10 development projects owned by the Housing Authority and Society are set aside for owners who have sold their titles.
The Special Sales Exercise will commence in September, with a ballot and flat selection process to follow. Those who have not yet signed a sale and purchase agreement may still have the opportunity to participate in the ballot, according to the bureau.
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