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 reminded Wang Fuk Court owners in Tai Po to sign and return their Letter of Acceptance by August 31 if they accept the government's acquisition offer, according to a Tuesday reminder. The notice applies to eight blocks, from A to H, within the fire-damaged estate. The government has stated that the acquisition price is roughly 30 percent higher than pre-fire market valuations, as determined by the Hong Kong Institute of Surveyors.
The arrangements for this exceptional case will not set a precedent, the spokesman emphasized. Following the August 31 deadline, unsold titles will be dealt with via the market mechanism, and the government has not dismissed the possibility of employing legislative measures for any remaining unsold flats. The government has earmarked over 4,400 flats across 10 development projects under the Housing Authority and Housing Society for owners who have sold their titles.
In September, a ballot and flat selection process under the Special Sales Exercise will commence. Owners who have yet to sign a sale and purchase agreement may still take part in the ballot, the bureau noted.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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