the 8 buildings that were swallowed by fire in Hong Kong are "subsidized public housing" in media, which is factual
But the more detail way to put it is that they are "public housing built by the government under subsidized-sale program"
This context is useful in the sense that they are expensive privately owned housing, which are valued around HKD 3 million (around USD 384,600) a unit prior to the fire.
So put it in a overly dramatized way... that was USD 730 million of wealth on fire there... that's many people's life time of saving as well as debt in form of mortgages...