Residents to return to their former homes for the second time from May

The Hong Kong Special Administrative Region government said on Tuesday it is considering spending an additional HK$1 billion ($127.6 million) to buy out Wang Chi House, similar to plans for the other seven towers at Wang Fuk Court, provided that 75 percent of property owners approve.

Wang Chi House was the only block spared by the massive blaze that caused 168 deaths in November.

The inclusion of the eighth block in the government’s buyback plan will only take effect if three-quarters of its owners sign a written agreement by June 30 to transfer their ownership to the government, Deputy Financial Secretary Michael Wong Wai-lun said at a news conference.

In late February, the government announced a HK$6.8 billion plan to acquire ownership of all flats in the seven fire-hit buildings. The proposal is a key part of its long-term resettlement solution for some 4,000 displaced residents.

If approved, the acquisition of nearly 2,000 units in eight buildings would raise the cost to HK$7.8 billion.

The prices are set at HK$8,000 per square foot for properties without land premium clearance, and HK$10,500 per square foot where premiums have already been settled. Affected households can choose to receive a cash payout or opt for a flat-for-flat exchange using dedicated vouchers.

The government’s purchase of Wang Chi House will follow the same price terms and arrangement as those for the other towers, Wong said.

Wong said over 77 percent of owners in Wang Chi House had indicated a preference to sell. Despite their homes largely remaining intact, owners expressed practical concerns, including uncertain return timelines, hefty repair bills, and potential challenges in reselling their units. Some residents also hope to alleviate psychological trauma left by the disaster.

Welcoming the move, legislator Kenneth Fok Kai-kong said that a standalone Wang Chi House would impose complex and costly repair burdens on any returning residents. He also said this may complicate plans to demolish the damaged blocks for the area’s redevelopment.

Lawmaker Bill Tang Ka-piu said he believes a government buyout “can ease many residents’ worries”.

“The residents have the final say,” Tang said, suggesting that they consider their options thoroughly and promptly and seek professional advice before making a decision.

Also on Tuesday, Deputy Chief Secretary for Administration Cheuk Wing-hing said all Wang Fuk Court residents will have a second opportunity to access their former homes.

From April 20 to May 4, residents of the seven fire-hit towers are allowed to return in batches to salvage remaining belongings, following a similar arrangement for Wang Chi House in December.

The next phase will begin with Wang Chi House residents from May 13 to 17. Up to four people from each household are permitted to make a three-hour visit, with elevators in operation — unlike those in other buildings.

Details regarding arrangements for other blocks will be announced later.

Contact the writer at wanqing@chinadailyhk.com