‘Fresh start’: Hong Kong urged to fast-track buy-back of fire-hit Wang Fuk Court

The Hong Kong Institute of Surveyors has urged the government to enact dedicated legislation and establish a statutory body to expedite the buy-back of Wang Fuk Court flats after the deadly fire, to pave the way for rehousing affected residents. Former president of the institute Chiu Kam-kuen, now chairman of its housing policy panel, estimated that the total cost of repurchasing the flats would range from around HK$5 billion to HK$7 billion (US$642 million to US$899 million), depending on the...