The Support Fund for Wang Fuk Court in Tai Po announced today that flat owners will receive a two-year standard rental grant until December 21, 2027, regardless of the option they select under the Government’s long-term housing arrangement plan. The enhanced measure aims to provide owners with greater flexibility when rebuilding their long-term homes.
Under the updated arrangements, owners qualify for the two-year standard rental grant until December 21, 2027, whether they choose to receive a cash-only payment, participate in the Special Sales Exercise to purchase a new subsidised sale flat after receiving the payment, or acquire a new subsidised sale flat under the “Flat-for-Flat” arrangement. Owners remain eligible for the grant even if they fail to select a suitable unit during the Special Sales Exercise.
The arrangement also covers flat owners who have not yet signed the Letter of Acceptance.
The annual grant of $150,000 is paid in two half-yearly instalments of $75,000.
For owners joining the Special Sales Exercise whose chosen units are completed after December 21, 2027, the Support Fund will extend their rental grants until completion. To allow a standard three-month renovation period, owners will continue to receive the rental grant for three months after the assignment date of their new flat. No further rental grant instalments will be issued after this three-month period expires.
