Tai Po fire owners to receive buy-back offer of up to about HK$10,000 per sq ft

South China Morning PostEN 1 min read 100% complete by Edith Lin,Natalie WongFebruary 20, 2026 at 09:55 AM

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Hong Kong authorities are expected to announce a resettlement plan for owners displaced by the deadly Tai Po Wang Fuk Court fire in November, which killed 168 people. The plan, led by Deputy Financial Secretary Michael Wong Wai-lun, will offer buy-back options for the properties. Acquisition prices could reach HK$8,000 per sq ft for properties without land premiums and exceed HK$10,000 per sq ft for those with premiums. The government is prioritizing a long-term rehousing solution, as a survey indicated limited interest from owners in redeveloping the original site. The announcement is anticipated as early as Saturday, three months after the tragic event.

Key Entities & Roles

Key Player Opposition Context

South China Morning Post 60% Wang Fuk Court ×270% Michael Wong Wai-lun 70% Tai Po ×280% Hong Kong 90% Tai Po fire 90%

Keywords

tai po fire 90% buy-back offer 80% resettlement plan 80% property acquisition 70% rehousing plan 60% land premium 60% wang fuk court 50% redevelopment 40% emergency accommodation 40%