Gov’t to commence sale of rehousing estate units on February

The rehousing projects will provide around 6,700 flats.

The Lands Department announced that subsidised sales flats at Eminence Terrace I, under one of the first two Dedicated Rehousing Estates (DREs) projects constructed by the Housing Society, will be up for sale.

The sale will begin on 15 February and end on 16 March.

Starting 31 January, the Housing Society and the Lands Department will issue letters containing application details to eligible households.

DREs are a designated rehousing option for households affected by government development clearance. Eligible households may choose to be rehoused to subsidised sale flats or subsidised rental flats of DREs without going through a means test.

The first two DREs projects, Hung Shui Kiu/Ha Tsuen and Pak Wo Road in Fanling will progressively be completed in 2024, providing 996 subsidised sale flats and 885 subsidised rental flats.

Subsidised sale flats for the Pak Wo Road in Fanling will be up for sale in 2Q24, whilst flat allocation for subsidised rental flats of the two DREs projects will commence in 4Q24.

Including the Kwu Tung North Area 24 DRE, the projects under construction in the New Territories will provide 6,700 flats, comprising 2,300 subsidised rental flats and 4,400 subsidised sales flats.

The DREs projects are due for completion starting 4Q24 and no later than 2027-28.