95% of Wang Fuk Court owners accept government buyback scheme

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Approximately 94.7 percent of the 1,984 households at the fire-hit Wang Fuk Court in Tai Po accepted a government property buyback scheme as of August 21, 2026. This initiative followed a November 26, 2025, fire that resulted in 168 deaths and the displacement of thousands of residents. Deputy Financial Secretary Michael Wong confirmed that 1,878 owners expressed interest in the scheme, with 74.1 percent having already signed formal sale and purchase agreements. The government established this program to assist displaced homeowners in transitioning to private market housing or other subsidised estates.

Consequences

The government has set a firm deadline of August 31, 2026, for the acquisition arrangements, with Deputy Financial Secretary Michael Wong stating that no extensions or price increases will be granted. Owners who have not completed the formal agreement process must finalize their participation by this date to avoid the closure of the acquisition program.

Sources

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