85% of Wang Fuk Court owners sign sale deals as flat selection moves ahead
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…
According to the South China Morning Post, over 85% of the 1,984 flat owners at the Wang Fuk Court estate in Tai Po have signed agreements to sell their flats to the Hong Kong government as part of a special rehousing scheme. The government announced that it will acquire these flats at a price of either HK$8,000 or HK$10,500 per square foot, depending on whether owners have paid the land premium.
The sale and purchase agreements were signed by 1,702 households, representing 85.8% of all flat owners across blocks A to H. The Housing Bureau held computerized draws to determine the selection sequence for subsidised flats under the scheme, with the results and priority order based on the computerized draw uploaded on their designated website.
Owners who indicated their intention to sell by June 30 are eligible for priority flat selection. The government has set aside more than 4,400 flats at 10 development projects for these owners, dispersed across various locations in Hong Kong.
Brief written by urgent.news from South China Morning Post's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
