Hong Kong lifts flat resale curbs for Tai Po fire survivors under buy-back plan

The Hong Kong government will lift resale restrictions on replacement homes for flat owners displaced by the Tai Po fire and provide them with two-year vouchers to purchase second-hand subsidised housing, according to an official buy-back document seen by the South China Morning Post on Tuesday.The document states that original owners who opt for the special sales scheme will have greater flexibility, as they will be allowed to sell their newly built subsidised flats on the secondary market at a freely negotiated price at any time, bypassing standard lock-up periods.“All Wang Fuk Court owners purchasing brand new first-hand subsidised sale flats from the Housing Authority or the Housing Society through the special sales scheme will have all their resale restrictions related to the lock-up period lifted,” the document said.