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Why some Wang Fuk Court owners have refused buy-back deal even as deadline nears

  • Posted on August 29, 2026
  • By South China Morning Post
  • 1 Views
  • 1 min read
In brief

Following a devastating fire at Wang Fuk Court, property authorities have proposed a buyback scheme to compensate affected residents. Although the financial terms are considered competitive and favorable, a small yet significant portion of homeowners—representing approximately 3.5 percent—have chosen to decline the offer despite approaching deadlines. This resistance raises important questions about residents' concerns and expectations regarding relocation, compensation fairness, and long-term housing solutions in Hong Kong's property market.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Why some Wang Fuk Court owners have refused buy-back deal even as deadline nears
Why some Wang Fuk Court owners have refused buy-back deal even as deadline nears

While acquisition price for flats at the fire-ravaged estate is seen as generous, about 3.5 per cent of homeowners have not accepted offer.
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Author
South China Morning Post

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