John Lee says 91.9% accepted Wang Fuk Court buyout
RTHK · 2 SOURCESabout 1 hour ago1 MIN
Summary
Chief Executive John Lee Ka-chiu said progress in the government’s buyout of Wang Fuk Court has continued, with 91.9% of owners having signed letters accepting the offer. He added that about 65.7% have completed sale and purchase agreements, and that formal deed transfer procedures are moving ahead in an orderly and smooth way.
Key Points
- Lee said 91.9% of Wang Fuk Court owners have signed letters accepting the government’s acquisition offer, marking the latest progress update on the exercise.
- About 65.7% of owners have completed signing sale and purchase agreements, according to Lee’s latest account of the transaction process.
- Lee said the formal deed transfer process is proceeding in an orderly manner and described the overall handling of the cases as smooth.
- He said the government’s goal is to secure voluntary acceptance of the buyout plan from Wang Fuk Court residents as far as possible.
- Lee said any decision on whether to use legal means would only be made at the final stage and must comply with legal requirements.
Why It Matters
The latest figures suggest the government is still prioritising voluntary participation before deciding whether further legal steps are necessary. Lee also said the administration fully trusts and will support the independent committee’s investigation, indicating that its eventual recommendations will carry weight for the government’s next moves.