Hong Kong Buys Homes From Fire Victims
Hong Kong's government is buying back homes from residents who lost them in a fire at Wang Fuk Court. The buyback will cost HK$6.8 billion, or $870 million.
The government offered prices higher than expected. This helps displaced residents get money for their lost homes.
Klear Note — Wang Fuk Court is a public housing complex in Hong Kong. The government buyback helps residents who lost homes get money to rebuild.