Hong Kong Lifts Resale Curbs for Displaced Tai Po Fire Victims Under Buy Back Plan The aftermath of the devastating Tai Po fire has seen a rare moment of policy flexibility from the Hong Kong government, but it is essential to separate genuine relief efforts from bureaucratic wrangling.
The decision to lift resale restrictions on replacement homes is part of a buy back plan that includes two year vouchers for purchasing second hand subsidised housing.
Displaced owners of Wang Fuk Court flats will now be allowed to sell their replacement homes on the secondary market without restrictions, effectively bypassing lock up periods.