Wang Fuk Court buyback plan disappoints some residents despite ‘generous’ offer

Some homeowners displaced by the deadly Tai Po blaze were disappointed by Hong Kong authorities’ decision to buy back their flats instead of resettling them at the original site, even as the acquisition offer was described by surveyors as “generous”. Deputy Financial Secretary Michael Wong Wai-lun unveiled the long-term resettlement plan on Saturday, offering options to buy back the flats at HK$8,000 or HK$10,500 (US$1,023 or US$1,343) per square foot. Homeowners could also opt for...

By Wynna Wong,Matthew Cheng,Harvey Kong