Overview
- Government will acquire ownership of about 1,700 units through cash buyouts or flat-for-flat swaps priced at roughly HK$8,000–10,500 per sq ft.
- Funding totals about HK$6.8 billion, with around HK$4 billion from public coffers and the rest from a dedicated relief fund.
- Seven of the estate’s eight towers are slated for demolition after authorities deemed their internal damage irreversible, with the site likely converted to parks or community facilities.
- The timetable targets contacting affected homeowners in March with payments to accepted sellers in the third quarter of 2026.
- A survey found about 74% open to selling and 9% insisting on on-site redevelopment, as a senior official warned payouts would be far lower under any forced legislative acquisition.