Hong Kong's Deputy Financial Secretary Michael Wong has stated that the government will not extend the deadline for its buy-back offer for the fire-ravaged Wang Fuk Court. Approximately 100 homeowners, representing 5% of the total, have not yet accepted the offer, which expires on August 31. Wong warned that compensation under the statutory mechanism after the deadline would be significantly lower, based on the post-fire market value. AI
RANK_REASON Government policy decision impacting property owners after a disaster. [lever_c_demoted from significant: ic=1 ai=0.0]
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