Nearly all Wang Fuk Court owners accept buy-out, leaving 17 holdouts as offer ends

Nearly all homeowners at Hong Kong's Wang Fuk Court have accepted a government buy-out offer following a fire. As of Monday's 5 pm deadline, 1,967 out of 1,984 flat owners, representing 99.1 percent, had accepted the scheme. This leaves 17 households who did not accept the offer and may face compulsory acquisition with potentially lower compensation. Among those who accepted, 1,559 owners have proceeded to sign formal sale and purchase agreements with the government. The buy-out scheme aimed to resolve the situation for residents of the fire-damaged estate.