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 From Hong Kong's Information Services Department
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July 20, 2005
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Housing Authority

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Link REIT listing to go forward 'soon'

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Michael Suen
Quick move: Secretary for Housing, Planning & Lands Michael Suen hopes the listing of the Link REIT can be achieved in the shortest possible time.

The listing of the Link REIT will be arranged as soon as possible, Secretary for Housing, Planning & Lands Michael Suen says, now that the Court of Final Appeal's ruling has ascertained the legality of the Housing Authority's sale of retail and carpark facilities to the real estate investment trust. 

 

Welcoming the court's judgement today, Mr Suen said the issue has gone through three judicial proceedings and all judgements are in favour of the Housing Authority's move.

 

He noted there is solid support for the Link REIT listing, and the proposal complies with the Housing Ordinance. The Government will prepare the listing in the market as soon as possible, and care will be exercised in disseminating information.

 

Mr Suen said the Government does not have a timetable for the listing, but hopes to achieve it in the shortest possible time. The revenue it generates will help the Housing Authority take forward its public housing projects.