Govt to continue with Wang Chi buyout plan
The government confirmed on Thursday that it would continue to acquire the only block that was not directly hit by the inferno at Wang Fuk Court, as more than three-quarters of homeowners have reportedly signed a formal sale and purchase agreement. As of Wednesday, about 75.8 percent of Wang Chi House owners, or 188 households had signed the Agreement for Sale and Purchase. A Housing Bureau…
The government has announced it will continue its plan to buy out the remaining Wang Chi Court homeowners, according to a statement released on Thursday. More than three-quarters of the residents have reportedly signed a formal sale and purchase agreement, with 188 households out of 188 having done so as of Wednesday. The Housing Bureau spokesperson revealed that the government will progressively sign the assignment with the owners to complete the necessary procedures for title acquisition.
This follows the acceptance of the buyout offer by 99.3 percent of the Tai Po estate homeowners, or 1,971 units, who accepted the offer that expired on Monday 5pm. Of these, 1,595 have signed the agreement with the government as of Wednesday, including those who submitted their acceptance letters by mail postmarked on or before August 31.
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- Govt to continue with Wang Chi buyout plan news.rthk.hk
