The Hong Kong government is set to unveil a resettlement plan for owners who lost their homes in the deadly Wang Fuk Court fire in Tai Po as early as Saturday, offering buy-back options at higher-than-expected prices, the South China Morning Post has learned. Government sources said the acquisition prices for properties without land premiums…
The head of Hong Kong’s largest political party has urged authorities to respect the deep-rooted community ties of residents displaced by the deadly Tai Po inferno, amid growing concerns that the government might rule out the option of rebuilding on the original site. Gary Chan Hak-kan, chairman of the Democratic Alliance for the Betterment and…
Hong Kong authorities estimate that acquiring all homes in the fire-ravaged Wang Fuk Court will cost around HK$6 billion (US$770 million), with officials saying that rebuilding on the same site was “not really very practical”. Deputy Financial Secretary Michael Wong Wai-lun said on Saturday that the site was expected to be repurposed for community facilities…
Hong Kong’s largest political party has proposed five relief options for those displaced by the Tai Po fire, such as a government buy-back of ruined homes and community redevelopment, after gathering views from more than 1,000 Wang Fuk Court residents. The party’s 20 elected lawmakers and two of its district councillors on Wednesday met the…