Huang Weilun: If the residents of Hongzhi Pavilion reach a consensus, they can allocate future public housing for "house swapping."

AASTOCKS
2026.02.23 06:04

The government previously proposed to acquire seven buildings in Hongfu Garden, while Hongzhi Pavilion was not included in the plan. Financial Secretary's Deputy Secretary Wong Wai-lun stated today (23rd) that if a clear consensus is reached among more than half of the residents of Hongzhi Pavilion, the authorities will consider expanding the scope of the acquisition.

He explained during a radio program that affected owners can choose cash compensation, which is consistent with the current plan. If they choose "flat-for-flat" but have missed the current selection period, the authorities will draw units from future Home Ownership Scheme projects for residents to choose from.

Secretary for Housing Ho Wing-hin emphasized in the same program that the quality of "flat-for-flat" units is guaranteed and that diverse options will be provided