Hong Kong’s government has unveiled a plan to buy homes devastated by a deadly high-rise fire that killed more than 160 people in November. Officials said the proposal aims to help families displaced by the blaze secure long-term housing.

The fire ripped through the Wang Fuk Court housing complex in Tai Po district late last year, leaving thousands of residents without homes and sparking public outrage over safety and rebuilding needs. However, the question of how to support affected families has loomed large in months of policy discussions.

🏘️ Government Buyout Proposal

The government plans to spend about HK$4 billion (roughly US$512 million) to buy out the owners of the almost 2,000 housing units destroyed in the fire. The authorities will offer HK$8,000 per square foot for properties without a land premium and HK$10,500 per square foot when a land premium applies.

Officials say the buyout prices are intended to help residents relocate and secure new, long-term housing. In addition, the plan includes an apartment exchange programme for residents who lived in the complex’s units. This exchange option would give eligible families the chance to select alternative public housing instead of a cash payout.

💰 Funding and Financial Support

The total cost of the buyout is expected to reach around HK$6.8 billion. However, officials note that a HK$2.8 billion relief fund contribution will reduce the burden on the government budget. In addition, insurance payouts could further lower the net cost.

Deputy Financial Secretary Wong Wai-lun told reporters that the proposals seek to strike a balance between fairness for residents and efficient use of public funds. The government’s proposal must still win approval from the Legislative Council before moving forward.

🏚️ Impact on Residents

Around 4,600 residents lived in the Wang Fuk Court complex when the fire struck. Many have been living in temporary accommodation for months while advocates and families have urged the government to move quickly to secure permanent housing solutions. Supporters of the buyout say it will finally give displaced families clarity and stability after a long period of uncertainty.

Some residents have expressed relief at the prospect of government assistance. However, others have called for faster implementation and assurances that the options available match their needs. As negotiations continue, many families remain in interim shelters or shared housing.

🔎 What Happens Next

The Legislative Council is expected to review the buyout proposal in the coming weeks. Meanwhile, housing officials are preparing detailed plans for how the exchange programme will operate, including eligibility rules and timelines. If approved, the buyout could begin later this year.

Residents and lawmakers alike are watching closely, as the decision will shape Hong Kong’s broader approach to disaster response and housing policy. For now, many displaced families are hopeful that the government’s plan will deliver long-term security after a tragic loss.