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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.

Key Terms 2
Hong Kong
A city in China with its own government and laws.
buyback
When a government or company buys something back from people who own it.
Verified Sources 2