At least 13 people were killed in a massive fire at a Hong Kong apartment building, and at least 15 others were injured, authorities said. Martin Yip of BBC News, a CBS News partner, joins with more as the death toll is expected to rise.

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DEVELOPING: Four people have been killed after multiple blocks in a Hong Kong residential estate went up in flames, according to a representative from the government's Information Services Department. Several people remain reportedly trapped. pic.twitter.com/DduVhkNRgp

Hong Kong residential rents hit a record high as demand from new arrivals to the city offsets a wider real estate downturn.