Tenants Purchase Scheme owners carry building maintenance
responsibility
********************************************************** The following is issued on behalf of the Housing Authority:
Public rental housing tenants wishing to purchase their rented flats under the last phase of the Tenants Purchase Scheme (TPS) Phase 6B are reminded that owners are responsible for maintaining both their own flats and the common areas and facilities of their housing estates.
"TPS owners will be able to exercise their rights to manage the estate by forming Owners' Corporation and capitalise upon a Maintenance Fund injected by the Housing Authority (HA) to carry out major maintenance works in their estates," the Deputy Director of Housing (Allocation and Commercial), Mr Fung Ho-tong, said today (October 23).
"The HA has undertaken to contribute to the Maintenance Fund of each TPS estate an amount equivalent to $14,000 for each residential unit, calculated to be adequate to cover major maintenance expenses for common facilities for ten years after sale," Mr Fund said.
"There are provisions under the Deed of Mutual Covenant of TPS estates regulating the use of Maintenance Fund and setting out the major maintenance works, such as structural repairs, repairs and replacement of building services and repairs of slopes and retaining walls," he said.
Mr Fung stressed that all buildings in the estates offered for sale were in good condition as the HA had carried out all necessary pre-sale maintenance works on condition basis to all estates for sale. The HA also undertakes to provide Structural Guarantee for seven years.
A total of 23,290 units in five public housing estates will be offered for sale in stages to existing tenants under the current phase of the TPS scheme launched in August this year. Vacant flats will be offered upon launch to tenants of the same TPS estate in a one-off restricted sale exercise.
The sale of the 1,898 flats at Nam Cheong Estate in Sham Shui Po was launched in late August. Tenants at Fu Shin Estate in Tai Po wishing to purchase their rented flats can submit their Letter of Offer from November 3. Copies of sales brochure and related documents for the 5,499 flats at the estate will be available at the TPS Enquiry and Application Team Office in the estate from October 31.
The remaining three estates for sale, namely Cheung Fat Estate (2,478 flats) in Tsing Yi, Long Ping Estate (8,483 flats) in Yuen Long and Tsui Lam Estate (4,932 flats) in Tseung Kwan O will be put up for sale in the ensuing few months once the necessary repair works are completed.
Since the launching of TPS in January 1998, over 100,000 tenants have become owners through Phases 1 to 6A of the scheme.
responsibility
********************************************************** The following is issued on behalf of the Housing Authority:
Public rental housing tenants wishing to purchase their rented flats under the last phase of the Tenants Purchase Scheme (TPS) Phase 6B are reminded that owners are responsible for maintaining both their own flats and the common areas and facilities of their housing estates.
"TPS owners will be able to exercise their rights to manage the estate by forming Owners' Corporation and capitalise upon a Maintenance Fund injected by the Housing Authority (HA) to carry out major maintenance works in their estates," the Deputy Director of Housing (Allocation and Commercial), Mr Fung Ho-tong, said today (October 23).
"The HA has undertaken to contribute to the Maintenance Fund of each TPS estate an amount equivalent to $14,000 for each residential unit, calculated to be adequate to cover major maintenance expenses for common facilities for ten years after sale," Mr Fund said.
"There are provisions under the Deed of Mutual Covenant of TPS estates regulating the use of Maintenance Fund and setting out the major maintenance works, such as structural repairs, repairs and replacement of building services and repairs of slopes and retaining walls," he said.
Mr Fung stressed that all buildings in the estates offered for sale were in good condition as the HA had carried out all necessary pre-sale maintenance works on condition basis to all estates for sale. The HA also undertakes to provide Structural Guarantee for seven years.
A total of 23,290 units in five public housing estates will be offered for sale in stages to existing tenants under the current phase of the TPS scheme launched in August this year. Vacant flats will be offered upon launch to tenants of the same TPS estate in a one-off restricted sale exercise.
The sale of the 1,898 flats at Nam Cheong Estate in Sham Shui Po was launched in late August. Tenants at Fu Shin Estate in Tai Po wishing to purchase their rented flats can submit their Letter of Offer from November 3. Copies of sales brochure and related documents for the 5,499 flats at the estate will be available at the TPS Enquiry and Application Team Office in the estate from October 31.
The remaining three estates for sale, namely Cheung Fat Estate (2,478 flats) in Tsing Yi, Long Ping Estate (8,483 flats) in Yuen Long and Tsui Lam Estate (4,932 flats) in Tseung Kwan O will be put up for sale in the ensuing few months once the necessary repair works are completed.
Since the launching of TPS in January 1998, over 100,000 tenants have become owners through Phases 1 to 6A of the scheme.
Ends/Sunday, October 23, 2005
Issued at HKT 12:01
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