90% sign up for Wang Fuk Court buy-back amid concerns over rushed decisions

About 90 per cent of flat owners at the fire-damaged Wang Fuk Court have returned signed letters accepting the government’s buy-back offer, but some residents have raised concerns about rushed decisions tied to priority selection.

The Deputy Financial Secretary’s Office said on Friday that as of July 16, a total of 1,786 owners, or about 90 per cent, had submitted acceptance letters. Of these, 769 had already signed sale and purchase agreements with the government, accounting for 43 per cent of respondents.

By block, 1,565 letters came from Blocks A to G, representing about 90.1 per cent of flats in those buildings, while 221 were from Wang Chi House (Block H), or roughly 89.1 per cent of its flats.

The November 26 inferno tore through Blocks A to G, killing 168 people and displacing about 5,000 residents.

The buy-back plan followed the government’s February announcement that it would spend about HK$6.8 billion (US$867 million) to acquire affected flats, funded by HK$4 billion in public money and HK$2.8 billion from a donation-backed support fund.

The government later extended the offer to owners in Wang Chi House – the only block not damaged in the fire – at an estimated cost of HK$1 billion.