Govt Cuts Fees For Transitional Home Operators

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-04-18 HKT 18:23

Share this story

facebook

  • Govt cuts fees for transitional home operators

The government has approved more measures to help social enterprises which are providing transitional housing, including exempting them from some payments they have to make to get a site or building from the Lands Department.

Groups which aim to provide these temporary homes for those awaiting public housing flats now don't have to pay fees to the department when applying for a​ temporary permit to use a government site or building.

They will also be exempt from paying fees for short term tenancies, rents and other associated costs.

Democratic Party lawmaker Andrew Wan welcomed the new measures, saying this would encourage the development of more transitional housing. But he said the government should get more involved, instead of only helping NGOs in doing the task.

The DAB also welcomed the measures, saying these steps will cut the red tape for applicants. But lawmaker Vincent Cheng said there is still a lot that the government has to do to boost the supply of transitional housing.

He said the government can help NGOs by providing technical information and help determining whether plots are good for housing people.

RECENT NEWS

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more

Do Kwon Faces Possible Trial In Korea After US Conviction

Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more

Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin

Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more

KakaoBank Expands In Indonesia Through Superbank Partnership

KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more