Wang Fuk Court buyback plan disappoints some residents despite ‘generous’ offer
Government offers HK$8,000-10,500 per sq ft for flats destroyed in fire that killed 168 people.
The Hong Kong government has unveiled a controversial resettlement plan for residents of Wang Fuk Court in Tai Po, following a devastating November blaze that killed 168 people and displaced approximately 5,000. Deputy Financial Secretary Michael Wong Wai-lun announced the long-term plan, offering displaced homeowners two primary options: a cash buyback of their destroyed flats at rates of HK$8,000 or HK$10,500 (US$1,023-$1,343) per square foot, or a 'flat-for-flat' exchange allowing purchase of a new subsidized flat from 10 designated Housing Authority/Society projects. While surveyors described the buyback offer as 'generous,' Wong explicitly ruled out redeveloping the original Wang Fuk Court site, citing a 9-10 year timeline. This decision has sparked significant disappointment and anger among some former residents, like one surnamed Ho, who argue authorities ignored community preferences for rebuilding their original community.
- Government offers HK$8,000 or HK$10,500 per sq ft buyback for flats destroyed in a fire that killed 168 people.
- Alternative 'flat-for-flat' exchange allows purchase of new subsidized housing from 10 designated projects, but original site redevelopment is ruled out.
- Decision sparks resident anger as redevelopment was preferred but estimated to take 9-10 years, with some feeling ignored by authorities.
Why It Matters
Highlights the complex challenges of post-disaster housing policy, balancing speed, cost, and community attachment for thousands displaced.