The Housing Bureau has received letters accepting the government’s buyout proposal from 1,914 Wang Fuk Court households, or 96.5 per cent of all owners, Housing Bureau Secretary for Housing Winnie Ho said. The figure was recorded as of August 27.
A further 70 households had not returned the letters as of August 28. The deadline is 5pm on August 31, and the bureau has urged those owners to submit the documents in time so they do not miss the government’s proposed long-term housing arrangement.
For owners taking part in the special sales scheme, the government plans to conduct computerised random ordering in two batches: letters received by June 30, and those received by August 31. The ordering results are expected to be sent to owners by letter.
Flat selection is expected to start by the end of September, with about 50 to 80 households handled each day, according to the Housing Bureau. The timetable is a forecast and will follow the random ordering process.
Ho said the ownership-sale process has three stages: returning the acceptance letter, signing the sale and purchase agreement for the Wang Fuk Court flat, and completing the assignment deed.
The special sales scheme comprises 10 projects in different districts, including some in Tai Po and others in urban areas, the bureau said. It includes units expected to be ready for occupation as early as the end of 2026, as well as renovated units that can be occupied directly.
More than 60 per cent of the scheme’s units have a saleable area of at least 400 square feet, amounting to about 2,800 units, according to the bureau. That is more than the 1,984 households at Wang Fuk Court.
Owners who have not yet returned their letters must meet the August 31 deadline to be considered under the proposed arrangement. The government is expected to move to random ordering in September and begin flat selection by the end of that month; the final number of participating households and completion of the subsequent sale process have yet to be established.