Hong Kong Offers Compensation for Wang Fuk Court Fire Victims

Hong Kong authorities have proposed compensation packages for homeowners affected by the Wang Fuk Court fire last year, with acquisition prices exceeding initial estimates. Bloomberg posted on X, detailing that the plan will require a total expenditure of HK$6.8 billion ($870 million). The proposal aims to provide financial relief to those who lost their homes in the blaze, ensuring they receive fair compensation for their properties. The government’s offer reflects its commitment to addressing the needs of affected residents and facilitating their recovery from the incident.