Wang Fuk Court owners view government buyback prices as reasonable

Some Wang Fuk Court owners find the government's HK$8,000 per square foot (premium not yet paid) and HK$10,500 psf (premium paid) acquisition prices fair, while others seek more support for unaffected Hung Chi House.

Cheung from Wang Sun House called the prices reasonable and is leaning toward flat-for-flat, depending on location and size. He views the August 31 deadline for the special sales scheme as sufficient and hopes to inspect his unit again before deciding with his family.

Wong, whose parents live in unaffected Wang Chi House, paid over HK$100,000 in recent repairs and wants government help with maintenance costs. Her parents wish to return but worry about future management fees and amenities.

The Hong Kong Institute of Surveyors land policy panel chair Lau Chun-kong said the prices exceed market rates—previously around HK$6,000 per square foot for premium not yet paid and HK$8,000 for premium paid—by about HK$2,000 per square foot, helping owners buy similar-sized units in the same district.