Govt Has All The Land Needed For Light Public Flats
"); jQuery("#212 h3").html("

"); });
2023-01-30 HKT 11:26
Housing Secretary Winnie Ho said on Monday that the government has already found all the land it needs to build the 30,000 light public flats announced in the chief executive's latest policy address.
On an RTHK programme, Ho said that altogether, eight plots have been identified – in Chai Wan, Kai Tak, Ngau Chi Wan, Tuen Mun, Siu Lam, Yuen Long and Sheung Shui.
She was asked whether rents at the more remote sites will be cheaper than those in the urban areas.
“For light public housing in the New Territories, the cheapest rent may be set at around 780 dollars for the smallest units, and it goes up to 1,800 dollars for a larger flat for a four-to-five people household,” said Ho.
“It’s already cheaper than those in urban areas. People will get to choose. If they want cheaper rent, they may consider looking for flats in the New Territories.”
Ho also said that her colleagues have revised the design of the projects and managed to lower the construction costs by HK$950 million in total.
She dismissed worries that the future residents of light public flats may be reluctant to move out, reiterating that the units are only a short-term measure while additional traditional public flats are under construction.
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more
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