The Support Fund for Wang Fuk Court in Tai Po announced today (July 17) that, regardless of which option under the Government's long-term housing arrangement plan the owners of Wang Fuk Court in Tai Po choose, a two-year standard rental grant will be disbursed to them until December 21, 2027. This arrangement will help them rebuild their long-term homes with greater flexibility.
 
     The Government announced in December 2025 that the Support Fund will provide each flat owner at Wang Fuk Court with an annual grant of $150,000 from December 22, 2025, to December 21, 2027. The grant will be disbursed on a half-yearly basis, each with a payment of $75,000. When announcing the long-term housing arrangement plan in February this year, the Government decided that if flat owners just sell their titles and receive the acquisition payment, and choose not to participate in the Special Sales Exercise, their rental grants will be provided up to the date on which cash payments for acquisition are credited to their accounts. This was because flat owners could use the sum to make their own long-term housing arrangements.
 
     Under the enhanced measures announced today, regardless of whether flat owners choose to receive cash only; participate in the Special Sales Exercise for purchasing new subsidised sale flats after receiving the payment; or acquire a new subsidised sale flat under the "Flat-for-Flat" arrangement, they are eligible to receive their rental grants until December 21, 2027, even if a suitable flat could not be selected in the event under the Special Sales Exercise. The relevant arrangement is also applicable to flat owners who have not signed the "Letter of Acceptance".
 
     For owners who choose to participate in the Special Sales Exercise (including those who opt for the cash acquisition and those who choose the "Flat-for-Flat" arrangement), if the occupation date of their chosen unit is after December 21, 2027, the Support Fund will continue to provide rental grants to owners who have not yet moved into their new units. Considering that owners generally require about three months to renovate their new homes, their eligibility for the rental grant will be maintained for three months after the date of the assignment of the new flat that they have purchased. After this period, no further instalments of the rental grant will be made.

Ends/Friday, July 17, 2026
Issued at HKT 12:30

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