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 before the deadline, which has since expired. This encompasses 1,850 out of the 1,850 owners across the eight blocks of the Tai Po estate, as reported in a statement by the bureau. The remaining 6.8 percent of owners were unable to meet the deadline due to unique circumstances, which could include issues like probate, bankruptcy, title disputes, mental incapacitation, or if the owners are currently abroad.
The bureau noted that such issues are not uncommon in private sales as well. The government has pledged to address the remaining cases individually, taking into consideration empathy, reason, and legal requirements, with a strong emphasis on empathy. The government aims to swiftly proceed with the remaining title transfer procedures, as confirmed by a bureau spokesman.
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