Hong Kong Confident Most Wang Chi House Owners Will Accept Buy-Back
The Hong Kong government is confident that at least 75% of homeowners in Wang Chi House will accept its buy-back offer by late June. This specific building was the only one spared in the recent Wang Fuk Court fire. Officials believe few owners will decline the package for the 248 flats, which were initially excluded from broader resettlement plans.
The Hong Kong government is confident that at least three-quarters of homeowners of Wang Chi House – the only block unscathed in the Wang Fuk Court fire – will accept its buy-back package by the end of June. Speaking on Saturday, Deputy Financial Secretary Michael Wong Wai-lun said few owners were likely to change their minds about the government’s offer for the 248 flats, which were initially excluded from the resettlement plan. Wang Chi House was the only one of the estate’s eight towers that....