Hong Kong officials on Saturday unveiled resettlement plans for thousands of people who were displaced by the deadliest blaze ...

HONG KONG — Hong Kong officials on Saturday unveiled resettlement plans for thousands of people who were displaced by the deadliest blaze in decades last November, proposing to buy back the ...

Hong Kong to offer buy-outs for flats damaged in deadly fire ...

As many as 168 people were killed in the devastating blaze. The government estimates that buying back the rights of some 1,700 units would cost about 6.8 billion Hong Kong dollars (USD 870 million), ...

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Officials said buyout prices will be HK$8,000 per sq. ft. without a land premium, and HK$10,500 per sq. ft. for those receiving a land premium. The ...

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 to resettle nearly 2,000 affected households.

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