
Government reports 97.7 per cent acceptance rate as Monday deadline approaches for fire-ravaged estate
AI-generated summary
Wang Fuk Court is a fire-ravaged estate subject to a government-led buyout scheme. Owners are offered compensation to facilitate the acquisition of their properties.
Hong Kong authorities are making a final push to persuade 45 holdout homeowners at fire-ravaged Wang Fuk Court to join a government buyout scheme before Monday afternoon’s deadline.
As of noon on Sunday, 1,939 of the estate’s 1,984 flat owners – or 97.7 per cent – had submitted acceptance letters, while 77.7 per cent had signed formal sale and purchase agreements, according to the government.
This leaves about 45 homeowners, or 2.3 per cent, who have yet to accept the government’s buy-back offer ahead of the August 31 deadline. The latest figure represents an increase of 25 completed acceptance forms compared with Friday’s official update.
Under the acquisition scheme, the government will buy flats at HK$8,000 (US$1,020) or HK$10,500 per square foot, depending on whether the land premium has been paid. After selling their homes and receiving compensation, flat owners can either buy a property on the open market or join a special sales programme to acquire a new subsidised flat.
A spokesman for the Housing Bureau on Sunday urged the owners who are refusing to sell “not to miss the last opportunity” and to return the signed “Letter of Acceptance” to confirm their intention by 5pm on Monday.
AI outlook — possibilities, not facts
Deadline for acceptance of the buyout offer expires at 5pm on Monday.
Very likely · Within hours

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