8% of owners at fire-hit Hong Kong estate yet to accept buy-back as deadline nears

In Hong Kong's fire-stricken Wang Fuk Court estate, approximately eight percent of property owners remain unresponsive to the government's buy-back offer, with the deadline for acceptance quickly approaching. Chief Executive John Lee Ka-chiu reported on Sunday that 91.9 percent of owners had submitted acceptance letters, and 65.7 percent had already signed purchase agreements with the government.

Speaking at a town hall meeting to discuss the city's first five-year plan and annual policy address, Lee affirmed that the ownership transfer process was proceeding smoothly and orderly. The November fire ravaged seven of the estate's eight blocks, claiming 168 lives and displacing around 5,000 residents. Homeowners have until August 31 to accept the offer, following which they can either purchase a property on the open market or secure a subsidised flat through a special sales program.

Those who have already expressed their intention to sell by June 30 are eligible for priority flat selection. Lee hinted that legal measures might be employed if necessary, though a final decision would be made at a later stage. The government's acquisition of the affected flats, funded by public money and donations, amounted to HK$6.8 billion.

The offer to buy back the flats was prioritized based on various factors, and the authorities provided residents with opportunities to visit replacement flats to make informed decisions. The independent committee examining the fire's causes was expected to deliver its final report in late October, a delay from the original plan.

Lee expressed confidence in the committee's work and emphasized the government's commitment to following up on the committee's recommendations.