Hong Kong announces long-term housing arrangement plan for Tai Po Hong Fuk Court

2026-02-22 02:33:20

Liu Yuanyuan

This newspaper’s Hong Kong report, February 21 — (Reporter Feng Xuezhi) The Hong Kong SAR government held a press conference on the afternoon of February 21, announcing the long-term residence arrangement plan for Hong Fu Court in Tai Po, proposing to acquire property rights through cash or a “trade-up” method.

Deputy Secretary for Finance of the SAR government, Huang Weuilun, stated that the government will propose to acquire the property rights of 1,736 units across Buildings A–G in Hong Fu Court, which are affected by the disaster. The seven affected buildings in Hong Fu Court will be demolished, and the government will not rebuild residential units on the original site, planning to develop parks or community facilities instead.

Housing Authority Director Ho Wing-yin said that if owners choose the “trade-up” method, they will receive a “trade-up voucher” valued equal to their original property in Hong Fu Court. The government will launch a “Special Sale Program” covering 3,900 residential units, allowing owners to use the voucher to select units within the program. If owners choose smaller units, the remaining value will be refunded in cash; if they choose larger units, they will need to pay the difference themselves.

According to initial data collected from previous surveys, among the 1,975 Hong Fu Court households who submitted opinions, 74% indicated they would “consider accepting” the government’s property rights acquisition plan.

People’s Daily (February 22, 2026, Page 2)

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