Housing Authority reveals figures as part of audit of 88,000 tenants carried out in October and November last year, with 250,000 ordered to declare assets before end of May.
Housing director Rosanna Law says she is ‘not very worried’ about slowdown in subsidised homes market and highlights number of people ‘waiting in line’ for public flats.
Housing Authority says reclaimed flats came from the first batch of about 88,000 tenants who made declarations about whether they owned residential property.