Finance

Buyout of block unscathed by Tai Po fire will cost government HK$1 billion

About 77 per cent of the homeowners of the only block spared in the deadly Wang Fuk Court blaze have expressed initial willingness to sell their flats to the Hong Kong government, exceeding the three-quarter threshold set by authorities to extend a resettlement plan to them. Deputy Financial Secreta

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SCMP Business
2026年4月28日·1 分钟阅读
Buyout of block unscathed by Tai Po fire will cost government HK$1 billion

Image: SCMP Business

About 77 per cent of the homeowners of the only block spared in the deadly Wang Fuk Court blaze have expressed initial willingness to sell their flats to the Hong Kong government, exceeding the three-quarter threshold set by authorities to extend a resettlement plan to them.

Deputy Financial Secretary Michael Wong Wai-lun said on Tuesday that buying back the 248 flats in Wang Chi House would cost the government about HK$1 billion (US$127.6 million), on top of the roughly HK$6.8 billion needed...

原文

Buyout of block unscathed by Tai Po fire will cost government HK$1 billion

发布者 SCMP Business

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