Spared Wang Fuk Court block owners given mid-October to finalise buyback offer

Owners at Wang Chi House, the only block spared in Hong Kong’s fire-ravaged Wang Fuk Court, have until October 15 to finalise the sale of homes under a government buyback scheme – provided more than 75 per cent of them indicate their intention to sell by the end of next month.However, the tight timeline has sparked widespread frustration among residents, who complain they are being pressured to make a decision without crucial details regarding insurance coverage and future maintenance fees.Homeowners at Wang Fuk Court in Tai Po have been offered a range of options, including a cash buyout and a “flat-for-flat” exchange for new subsidised homes at 10 designated projects under the Housing Authority or the Housing Society through a special sales exercise.