Hong Kong plans to buy homes devastated in deadly high-rise fire - Reuters

<a href="https://news.google.com/rss/articles/CBMiqgFBVV95cUxOT3BWNk9YRkhyQVBMbUVsc2paTGNHZ2NRMFc1aE5MQ3FCdVgyS1JJRDd1WlhZZ0dZQUc0RTNtemlxdXpkbDZZS1pYdE56Y1NzRm84Ulc4czd5WjItM29XenlxNmRGc0FzNzh0QTJGcGZfN0daZWF2X0dzVjBRc2xqRDVTMHF1aXc1dWpRWGFGLTNwaEZuT3FZcGwzNUpFc1o0bmVuS29oTDI5QQ?oc=5" target="_blank">Hong Kong plans to buy homes devastated in deadly high-rise fire</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

In response to the deadliest blaze in decades that occurred on November 26, 2025, in Hong Kong's Tai Po district, which killed 168 people and displaced thousands, the government has proposed a resettlement plan for affected residents. The fire destroyed seven apartment buildings in Wang Fuk Court, leaving former occupants in temporary housing. The government is offering to buy back ownership rights from about 1,700 affected homeowners for a total estimated cost of HK$6.8 billion (US$870 million), using both public funds and a relief fund. Alternatively, residents can choose to exchange their ownership for another apartment under a government scheme.

Government sources say acquisition prices will range from about HK$8,000 to HK$10,000 per sq ft, higher than previously estimated.

The government also offered an apartment exchange programme for the 4,600 affected tenants, who lived in nearly 2,000 housing units at the complex, Wang Fuk Court.

The government also offered an apartment exchange programme for the 4,600 affected tenants, who lived in nearly 2,000 housing units at the complex, Wang Fuk Court.

Authorities in Hong Kong have announced a buy-out offer for owners who lost their homes in last year's deadly housing complex fire at Wang Fuk Court.

Hong Kong authorities announced on Saturday a buy-out offer for owners who lost their homes in last year's deadly housing complex fire, rather than rebuilding the charred apartment blocks as some residents had hoped for.

Hong Kong proposes to spend about HK$4 billion ($512 million) to buy out the owners of homes in a high-rise housing complex ravaged by a massive fire that killed more than 160 in November, authorities said on Saturday.

The government is offering a cash buyout or a flat-for-flat exchange for all units directly affected by the Wang Fuk Court fire.

Hong Kong authorities announced today a buy-out offer for owners who lost their homes in last year’s deadly housing complex fire, rather than rebuilding the charred apartment blocks as some residents had hoped for.

Hong Kong proposes to spend about HK$6.8 billion ($870 million) to buy out the owners of homes in a high-rise housing complex ravaged by a massive fire that killed more than 160 in November, officials said on Saturday.

Hong Kong authorities plan to spend about HK$4 billion (£512 million) to buy out the owners of apartments destroyed in a high-rise fire last November that killed more than 160 people.