The subsidised units, including 2,576 new flats at Wang Chi Court in Kowloon Bay, will be rolled out in the third quarter of 2025.
Speaking on RTHK, the chairwoman of the authority’s subsidised housing committee, Cleresa Wong, said the flats will be sold at a 40 percent discount to market value, and that the prices were set after taking into consideration people’s affordability.
“The estate is in urban areas, located on Wang Chiu Road in Kowloon Bay, with convenient transport nearby,” she said.
“It is also within a well-developed community, so I believe the flats will be popular.”
Kowloon East lawmaker Frankie Ngan said the scheme will benefit tenants affected by the Choi Hung Estate clearance.
“For residents who have lived at Choi Hung Estate for decades, it’s a good opportunity to purchase a home this time as the new estate is only a street away from their previous community,” he said.
Lawmaker Tony Tse from the architectural, surveying, planning and landscape sector said people on higher incomes will have more incentive to purchase the subsidised units instead of renting now that the legislature has passed a bill criminalising serious abuse of public housing.
