Government Plan

Hong Kong authorities have offered to buy back flats destroyed in the Wang Fuk Court blaze at HK$8,000 or HK$10,500 per square foot, but some residents expressed disappointment over the lack of on-site redevelopment. Deputy Financial Secretary Michael Wong Wai-lun announced the plan, which will cost HK$6.8 billion and rule out rebuilding at the original site. The November fire killed 168 people and displaced about 5,000 residents.