It said that the family of each deceased person will get HK$150,000.
As for victims who are seriously injured, they will get HK$100,000 each, and half for every person in stable condition.
At least HK$10,000 will be offered to relocated families, depending on the household size.
Short-term housing operators, meanwhile, can get a up to HK$20,000 to furnish housing units for affected households.
The funds will be distributed by the Social Welfare Department and NGOs.
The club emphasised that the fund is only the “first tranche” of its support.
Its Charities Trust is also closely working with relevant government departments and NGOs to assist victims over the next few months, such as by offering transitional housing and food assistance.
“The Hong Kong Jockey Club is deeply saddened by the tragic fire which broke out at Wang Fuk Court in Tai Po yesterday. We extend our condolences to all those who have lost loved ones and our sympathy to all those who have suffered injury and loss during the fire,” a statement read.
