Challenges ahead for Wang Fuk Court homeowners who reject buy-back offer
Residents of sole block spared in Tai Po fire face steep maintenance costs, and government could use laws to acquire flats, official says
Deputy Financial Secretary Michael Wong Wai-lun said on Wednesday that while the government respected homeowners’ decisions, the possibility for authorities to invoke legislation to acquire all property titles in Wang Chi House “absolutely exists”.
The government said on Tuesday that it might offer to buy back the 248 flats at Wang Chi House originally excluded from a resettlement plan for the other seven fire-ravaged blocks in the estate, if at least three-quarters of homeowners agreed to it.
About 77 per cent of them had earlier indicated their initial interest in joining the buy-back scheme.
Wong said on Wednesday that the acquisition proposal would officially be extended to the block if at least 75 per cent of owners signed an official letter of acceptance by June 30.
He added that homeowners who chose not to sell their properties to the government could face major difficulties in maintaining or selling the flats in the future.