The Hong Kong government's buy-back offer for owners of the fire-ravaged Wang Fuk Court housing estate has seen a strong acceptance rate, with 82% of owners submitting letters of acceptance before a priority deadline. This initiative, part of a special sales plan, aims to provide affected residents with options for new housing after a devastating fire last year. The government has allocated approximately HK$6.8 billion for the acquisition, combining taxpayer funds and public donations. AI
RANK_REASON Government-led acquisition of housing estate following a disaster. [lever_c_demoted from significant: ic=1 ai=0.0]
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