HONG KONG (Reuters): 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.
The prices offered will be HK$8,000 per sq ft without a land premium payment, and HK$10,500 per sq ft for those receiving such a payment, authorities said on Saturday, three months after the deadly fire killed 168 in November.
