Tai Po fire: Nearly 95% of Wang Fuk Court homeowners agree to gov’t buyback scheme
Close to 95 percent of homeowners at the fire-hit Wang Fuk Court have signed and returned a letter of acceptance indicating that they were willing to sell their flats to the government under an official buyback plan. As of August 21, 1,878 owners at the Tai Po estate have expressed interest in the special property […]
Nearly 95% of the Wang Fuk Court homeowners have agreed to the government's buyback scheme following the devastating fire in November 2025, according to Deputy Financial Secretary Michael Wong. The property buyout plan, which will see the government purchase the homes through a specially established company, has received the support of 1,878 out of the 1,984 households at the Tai Po estate.
This represents a participation rate of 94.7%. Deputy Wong emphasized the urgency of the deadline, stating that the government's acquisition arrangements will close on August 31, without any extensions or price increases. Homeowners have the option to purchase a new flat on the private market or move to another subsidized estate, either through cash or a flat-exchange exercise.
Written by urgent.news from Hong Kong Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
