I suppose those buying them at wholesale rates probably don't mind, if they are existing tenants. However, are the units being sold to general public or existing tenants. New home buyers or speculators?
If chasing top dollar, then likely investors, but if they are being sold deliberately cheaply, I would expect that on investigation they will be being sold either to tenants or social housing entities to redevelop into new rental units.
As Barry pointed out, but removing old houses on large sections, redevelopment can hugely increase the governments bang-for-Buck.
If you built a thousand houses, and gave them away cheaply to people, how long until those same folks turned around to sell them at market rates? I am guessing about ninety three seconds.
There is huge bad press about poor standards of the housing stock in housing Corp state housing. If you can sell these old dungas to redevelop at a good price, then take that money to build multiple new modern, dry, warm houses that house more people....why not?
Consultancy fees? Dunno about that. One assumes they earned it somehow, not sure what they did to earn it, but I suppose the department bureaucrats ran the numbers and saw the need.
It is only my overwhelming natural humility that mars my perfection.
Captain Asparagus, Superhero, Adventurer.