Hong Kong warns homeowners over rejected buy-back offer
Hong Kong authorities have cautioned homeowners in Wang Fuk Court who reject the government's buy-back offer. Officials stated that these owners may face significant long-term challenges in managing and maintaining their properties.
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’ decisions, the possibility for authorities to invoke legislation to acquire all property titles in Wang Chi House “absolutely.....