8% of Wang Fuk Court owners yet to accept
SCMP · 1 SOURCESabout 3 hours ago1 MIN
Summary
About 8 per cent of owners at Wang Fuk Court have yet to accept the government’s buy-back offer as the August 31 deadline approaches. Chief Executive John Lee Ka-chiu said acceptance and ownership transfer were progressing in an orderly way, while any decision on legal action for unsold flats would come only at a later stage.
Key Points
- John Lee Ka-chiu said 91.9 per cent of Wang Fuk Court owners had submitted acceptance letters by Sunday, while 65.7 per cent had signed sale and purchase agreements.
- The buy-back offer for flats at the Tai Po estate will expire on August 31, the deadline for owners to submit acceptance letters.
- A fire in November tore through seven of the estate’s eight blocks, killing 168 people and displacing about 5,000 residents.
- Owners who sell their flats can buy homes on the open market or join a special sales programme for new subsidised flats.
- Residents who had already indicated by June 30 that they intended to sell qualify for priority flat selection under the special sales programme.
Why It Matters
The remaining holdouts will affect how quickly the government can complete the acquisition and move affected families toward more stable housing arrangements. Lee said the administration’s priority is to secure voluntary acceptance first, with any legal route to be considered only at the final stage and in line with Hong Kong law.