Hong Kong rules out Wang Fuk Court buy-back extension as 100 owners hesitate

About 100 homeowners, or 5 per cent, at fire-ravaged Wang Fuk Court in Hong Kong have yet to accept the government’s buy-back offer with a week left before the deadline, Deputy Financial Secretary Michael Wong Wai-lun has said, stressing that the acquisition scheme will not be extended. “The deadline is a very serious timeline … it will not be extended, nor will better terms and a higher acquisition price suddenly be offered … I hope [the homeowners] will understand and take the appropriate...

By Matthew Cheng