Hong Kong authorities have formally issued buy-back offer letters to homeowners at the fire-ravaged Wang Fuk Court in Tai Po, giving them until 31 August to decide whether to accept a government buy-back offer under a long-term resettlement plan. The letters were sent to all homeowners on Thursday, including those who had previously said they…
Nearly all of the residents of the seven towers engulfed in flames at Hong Kong’s Wang Fuk Court last year returned to their former homes to retrieve their belongings over a 15-day operation that ended on Monday, with police investigating 20 suspected thefts. The government said 6,265 people from 1,674 households took part in the…
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 city’s character is not tested on a good day, but in the quiet hours after a disaster, when the smoke settles, sirens fade and residents look at the charred outline of a home that used to anchor an entire life. The Tai Po fire, which engulfed several blocks of subsidised government housing and left…
Willie Barron thought he had found his dream home when he purchased a $1.3 million property overlooking Lake Las Vegas. Five years later, he’s dealing with tilting floors, splitting walls, and the constant worry of falling as he navigates his own house. “My house is tilting an inch and a half from the rear to…
What the latest downturn in the housing market means for buyers – CBS News Watch CBS News In May, there were 34% more sellers than buyers nationally, according to the real estate company Redfin. That is the highest rate since Redfin started gathering data in 2013. Kelly O’Grady reports. Be the first to know Get…
President Trump’s massive new tax bill has a number of changes affecting homeowners. High earners who live in high-tax states are likely to get the biggest breaks. The reason? The new law bumps the cap on state and local tax deductions from $10,000 to $40,000. A boosted SALT cap will make it more advantageous for…