Government presses on with Wang Chi House buyout
HK01 · 5 SOURCESabout 3 hours ago2 MIN
Summary
The Housing Bureau said more than three-quarters of owners in Wang Chi House, Block H of Wang Fuk Court in Tai Po, had signed sale and purchase agreements by September 2. On that basis, the government said it would continue the acquisition of property rights for the block and proceed to sign assignments with owners in stages to complete the transactions.
Key Points
- The Housing Bureau said 188 owners in Wang Chi House had signed sale and purchase agreements by September 2, accounting for about 75.8% of the block’s total flats.
- Under the previously announced follow-up arrangements for Wang Chi House, the government formally confirmed it would continue the block’s acquisition and sign assignments with owners progressively.
- The deadline for Wang Fuk Court owners to accept the government’s acquisition offer had already expired before September 3, according to the Housing Bureau.
- Including replies received after the deadline but postmarked on or before August 31, 1,971 owners across Blocks A to H signed and returned acceptance letters, or 99.3% overall.
- As of September 2, the government had signed sale and purchase agreements with 1,595 owners across the estate’s eight blocks, representing about 80.4% of households.
Why It Matters
The latest figures show the acquisition has moved from expressions of intent to legally binding transactions, with the government now focusing on the remaining conveyancing steps. For Hong Kong readers, the next practical stage is the signing of assignments and completion of outstanding purchases in Wang Chi House and the rest of Wang Fuk Court.