Tai Po fire owners to receive buy-back offer of up to about HK$10,000 per sq ft

The Hong Kong government is set to unveil a resettlement plan for owners who lost their homes in the deadly Wang Fuk Court fire in Tai Po as early as Saturday, offering buy-back options at higher-than-expected prices, the South China Morning Post has learned. Government sources said the acquisition prices for properties without land premiums could be HK$8,000 (US$1,204) per sq ft, while properties with land premiums could exceed HK$10,000 per sq ft. “The government is well aware of the...

By Edith Lin,Natalie Wong