Challenges ahead for Wang Fuk Court homeowners who reject buy-back offer

    Challenges ahead for Wang Fuk Court homeowners who reject buy-back offer

    Homeowners of the only block undamaged in the deadly Wang Fuk Court inferno who decline the government’s buy-back offer will face significant challenges in the management and maintenance of their properties in the long run, Hong Kong authorities have warned. Deputy Financial Secretary Michael Wong Wai-lun said on Wednesday that while the government respected homeowners’…

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    Hong Kong plans 420,000 homes in next 10 years with 70:30 public-to-private split

    Hong Kong plans 420,000 homes in next 10 years with 70:30 public-to-private split

    Hong Kong aims to provide 420,000 homes with sufficient land supply over the next decade, maintaining a public-to-private housing ratio of 70:30, according to the latest government projections. This was disclosed as the government released its annual progress report on the long-term housing strategy on Tuesday, revealing it had secured sufficient land to supply 419,100…

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