Key facts
- Nearly all owners of Wang Fu Court have accepted a buy-out offer.
- Only 17 owners remain as holdouts.
- The deadline for the buy-out offer has passed.
- A compulsory sale application was filed for the property.
Nearly all owners of Hong Kong's Wang Fu Court have accepted a buy-out offer, with only 17 holdouts remaining as the deadline passed. The offer was part of a compulsory sale application.
The compulsory sale application was filed for the Tai Po property, which has been vacant for over 20 years. The offer period has now ended, and the majority of owners have agreed to sell their units.