93.2pc of Wang Fuk owners sign sale agreements
The Housing Bureau said on Friday that 93.2 percent of owners at Wang Fuk Court have signed the Agreement for Sale and Purchase (ASP) before the deadline, with the government pledging to handle remaining cases on a case-by-case basis. A total of 1,850 owners from the eight blocks of the Tai Po estate have signed the ASP, the bureau said in a statement. The deadline expired on Thursday. The…
According to the Housing Bureau, an impressive 93.2 percent of the owners at Wang Fuk Court have already signed the Agreement for Sale and Purchase (ASP) before the deadline. The government has assured that they will handle the remaining 6.8 percent of cases individually, taking into account unique circumstances that prevented some owners from signing on time.
These special cases include situations requiring additional time to resolve property title issues, probate, bankruptcy, disputes over ownership, mentally incapacitated individuals, and owners currently residing outside Hong Kong. The bureau emphasized that such circumstances also arise in private market transactions. The government may consider making adjustments on a case-by-case basis, while balancing empathy, reason, and legal obligations, with empathy being the primary consideration.
The government is committed to swiftly following up on the assignment procedures to complete the transfer of titles.
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