As Hong Kong moves forward with its huge new Northern Metropolis development zone, analysts argue the government should take a cautious approach to land sales to help sustain the recent recovery in the residential property market. The large-scale project near the border with the Chinese mainland continues to progress, as the government set a tender…
An administrator appointed to oversee the affairs of Hong Kong’s fire-ravaged Wang Fuk Court has said it will arrange an extraordinary general meeting at the request of displaced owners, but stopped short of providing a time frame. In a written statement on Wednesday, Hop On Management Company said it was studying the Lands Tribunal’s reasons…
The Lands Tribunal has dismissed a government-appointed administrator’s request to postpone an extraordinary general meeting of owners at Hong Kong’s fire-ravaged Wang Fuk Court, ruling it lacks the authority to do so. Presiding officer Gary Lam Chin-ching on Tuesday urged Hop On Management Company to convene the meeting immediately so it could be held on…
A Lands Tribunal judge has questioned whether he has the power to postpone an extraordinary general meeting requested by at least 247 owners at Hong Kong’s fire-ravaged Wang Fuk Court, while acknowledging the difficulties faced by a government-appointed administrator in contacting and verifying residents. The tribunal adjourned its decision until 3pm on Tuesday on an…
The administrator of the fire-damaged Wang Fuk Court has reassured residents that the Hong Kong government will assume responsibility for pursuing insurance claims on policies bought by the estate on behalf of owners who sell their flats to authorities under a buy-back plan. But some residents of the Tai Po estate who attended Wednesday’s Zoom…
Wang Fuk Court’s administrator has revealed that HK$180 million (US$22.9 million) has been paid to parties involved in the estate’s renovation project, with the remaining HK$127 million to be refunded to owners displaced by one of Hong Kong’s deadliest fires in decades. The details were disclosed during a Zoom meeting on Tuesday, one of two…
The government-appointed administrator of Wang Fuk Court, the Hong Kong estate devastated by a deadly fire last November, will hold two online meetings with displaced residents this month after 240 flat owners threatened legal action in a petition. Hop On Management Company announced on Wednesday that the Zoom meetings will take place from 7pm to…
More than 240 owners representing over 12 per cent of households at Hong Kong’s fire-ravaged Wang Fuk Court petitioned the government-appointed administrator in late April to hold an extraordinary general meeting, saying they might seek legal action if the request was ignored. The owners said in a statement on Tuesday that they would consider applying…
A redevelopment proposal representing the interests of more than 400 fire-displaced residents has been submitted to the Hong Kong government, claiming that a partial redevelopment of Wang Fuk Court could generate a HK6.4 billion (US$816.7 million) surplus. The 47-page proposal, alongside two letters, was sent to the Chief Executive John Lee Ka-chiu, Deputy Chief Secretary…
Hong Kong’s home affairs minister has pledged that a briefing set to be held ahead of an owners’ meeting petitioned for by residents of the fire-hit Wang Fuk Court will address their concerns, saying it will not clash with ongoing inquiry hearings or the schedule for their return home. More than 300 homeowners petitioned for…