Hong Kong fire victims to keep receiving HK$150,000 annual aid until rehoused

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Hong Kong authorities will continue providing an annual HK$150,000 rental subsidy to victims of the deadly Tai Po fire at Wang Fuk Court until they are rehoused. The subsidy will continue even if the "flat-for-flat" resettlement takes up to 2.5 years. Residents in transitional housing can remain there during this period. The government previously announced a HK$6.8 billion plan to buy back fire-damaged homes, offering owners a cash buyout or a "flat-for-flat" exchange for subsidized flats. The fire, which occurred in November and was the city's deadliest in decades, displaced approximately 5,000 residents. Deputy Financial Secretary Michael Wong Wai-lun reassured residents that the rental subsidy would continue for the next two years, regardless of when they move into their new homes.
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