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

2026-02-22 02:46:20

Bai Yu

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 residential arrangement plan for Tai Po Hong Fu Court, proposing to acquire property rights through cash or a “trade-up” method.

Deputy Financial Secretary of the SAR Government, Huang Weiliun, 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 disaster. The seven affected buildings in Hong Fu Court will be demolished, and the government will not rebuild residential units on the original site, but plans to develop parks or community facilities instead.

Housing Authority Chief Executive Officer Ho Wing-yen said that if owners choose the “trade-up” method, they will be issued a “trade-up voucher” worth the same as the value of 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 balance 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 questionnaires, 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)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes