In response to a tragic fire at Wang Fuk Court in Hong Kong, which resulted in 168 fatalities, the government is stepping in to support the affected residents. Many have been uncertain about their housing situation since the incident in November, but officials have now announced plans to purchase the destroyed properties. The financial compensation offered to residents ranges between 2.8 million to 4.1 million kroner, depending on the size of the apartment affected.

Deputy Financial Secretary Michael Wong emphasized that rebuilding the apartment complex where the tragedy occurred would not be appropriate, citing a timeline of at least nine years for reconstruction. Instead of rebuilding, authorities plan to use the land for public buildings or create a park, signaling a shift in priorities following the incident. This decision is part of a broader governmental response to the disaster, focusing on the immediate needs of those who have lost their homes.

The Hong Kong government estimates that they will spend around 5.5 billion kroner on these acquisition efforts, which may involve direct compensation payments or apartment exchanges. This financial commitment reflects the city's attempt to provide immediate relief and a sense of closure to the victims and their families, while also addressing long-term housing concerns in the aftermath of the tragedy.