Nearly 80 per cent of homeowners of the only block spared in the deadly Wang Fuk Court blaze in Hong Kong have expressed an initial willingness to sell their flats to the government, exceeding the three-quarters threshold set by authorities to extend a resettlement plan to them. Deputy Financial Secretary Michael Wong Wai-lun said on…
Hong Kong authorities will announce arrangements this month for residents displaced by the deadly Tai Po blaze to return to their fire-damaged flats and collect personal belongings by the end of April, the city’s leader has said. Chief Executive John Lee Ka‑chiu on Tuesday also said the government would fully cooperate with an independent committee…
The acquisition price for properties damaged in Hong Kong’s deadly Tai Po fire will be “far lower” if homeowners reject the government’s buy-back offer and authorities are forced to use legislation to acquire the remaining properties, a senior official has said. Deputy Financial Secretary Michael Wong Wai-lun on Sunday dismissed claims that the government was…
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…