Hong Kong authorities extended a buy-back offer to Wang Chi House, the last block spared in the Wang Fuk Court blaze, after 77.8% of owners agreed to sell their flats, aiming to resolve uncertainties like rising management fees and property depreciation.
The administrator of a Hong Kong estate devastated by a deadly fire missed a deadline to hold a meeting with flat owners. Hop On Management Company cited "unprecedented and exceptional circumstances" for the delay, promising new arrangements soon. The Lands Tribunal had previously dismissed the company's request to postpone the meeting.
The administrator of Hong Kong's fire-ravaged Wang Fuk Court, Hop On Management Company, will arrange an extraordinary general meeting for displaced owners. The company is reviewing a Lands Tribunal judgment that dismissed its application to extend statutory deadlines for the meeting.
A Hong Kong Lands Tribunal judge is questioning his authority to postpone an EGM requested by 247 Wang Fuk Court owners, citing difficulties in contacting displaced residents after a fire. The tribunal adjourned its decision on extending the deadline for the meeting.
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 to the Lands Tribunal if Hop On Management Company failed to hold the meeting within 45 days in accordance with the Building Management...
