Hong Kong Unveils Multi-Billion-Dollar Buyout and Rehousing Plan After Wang Fuk Court Fire
Hong Kong authorities proposed spending about HK$4 billion to buy out owners of homes damaged in the Wang Fuk Court high-rise fire, alongside an apartment exchange programme for roughly 4,600 affected tenants. Officials estimate total outlays at HK$6.8 billion, potentially reduced by relief fund contributions and insurance compensation.