Government ‘confident’ that 75% of Wang Chi House owners will take buy-back offer
77% initially interested; government expects few to change minds by June 30 deadline.
The Hong Kong government has expressed strong confidence that at least three-quarters of homeowners in Wang Chi House will take up its buy-back package by the end of June. Deputy Financial Secretary Michael Wong Wai-lun noted that a previous survey showed 77% of the block's 248 flat owners were keen on the deal. Wang Chi House was the only tower in the Wang Fuk Court estate not damaged in the catastrophic Tai Po fire, initially leaving it excluded from the resettlement plan.
Authorities later extended the buy-back offer to the block, conditional on at least 75% of owners signing a formal letter of acceptance by June 30 and an agreement for sale and purchase by October 15. Wong emphasized the scheme is voluntary, and the government will not try to persuade residents. He expects the few who might change their minds to be a minority, noting the numbers have remained stable.
- Government confident 75% of Wang Chi House owners will accept buy-back by June 30 deadline.
- Prior survey showed 77% initial interest among 248 flat owners.
- Offer conditional on signing letter of acceptance by June 30 and sale agreement by October 15.
Why It Matters
This decision could determine the resettlement of an entire block, affecting hundreds of fire-displaced families.