Hong Kong authorities have formally issued buy-back offer letters to homeowners of the fire-damaged Wang Fuk Court. The government has allocated HK$6.8 billion (US$870 million) to acquire the estate, with offers set at HK$8,000 or HK$10,500 per square foot. Homeowners have until August 31 to accept the offer, with expedited payouts promised for those choosing cash compensation. AI
RANK_REASON Significant government funding allocation for property acquisition. [lever_c_demoted from significant: ic=1 ai=0.0]
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