Hong Kong’s Wang Fuk Court Buyback Plan Prioritises Speed, Faces Resident Pushback Over No-Redevelopment Decision
Hong Kong authorities offered to buy back flats affected by the Wang Fuk Court blaze at HK$8,000 or HK$10,500 per square foot and provided a “flat-for-flat” purchase option across 10 subsidised housing projects. Despite surveyors describing the pricing as generous, the source indicates some residents oppose the plan because redevelopment at the original site has been ruled out.