Core Insights - The Hong Kong Housing Authority awarded the fifth and sixth "Simple Public Housing" project management contracts to two consortiums, with contract values of approximately HKD 86 million and HKD 123 million respectively [1][2] Group 1: Project Details - The fifth contract includes four converted school projects, with the first phase expected to provide around 130 and 110 units in two locations, set to complete in Q4 of this year [1] - The second phase of the fifth contract will provide approximately 110 and 105 units in two additional locations, expected to complete in Q1 2027 [1] - The sixth contract covers the Chai Wan project, which will provide around 1,720 units, expected to complete in Q2 of next year [1] Group 2: Government Initiatives - The Secretary for Housing stated that the "Simple Public Housing" projects are well-received by citizens due to affordable rents and comprehensive services [2] - The government aims to build approximately 30,000 "Simple Public Housing" units, with about 9,500 units expected to complete this year and around 20,000 units next year [2] - As of the end of August this year, there have been approximately 26,400 applications for "Simple Public Housing" [2]