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

Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access

Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more

HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site

The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more

Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects

The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more

Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China

At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more

HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus

The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more

How Gaming Giants Are Redefining The Experience Of Paying

Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more