Govt May Ask Private Sector To Build Elderly Homes

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

Related News Programmes

"); });

2018-05-19 HKT 10:09

Share this story

facebook

  • Govt may ask private sector to build elderly homes

The Labour and Welfare Secretary, Law Chi-kwong, said on Saturday that the government will consider asking more private developers to build elderly homes on their housing projects to ease the acute shortage of care home places.

He made the comment after a 16,000 square metre plot in Kai Tak was sold last week to Sun Hung Kai Properties with the requirement for it to build a residential elderly home and a day care centre on the site.

Law dismissed concerns that developers may benefit from such arrangements, saying the facilities will be handed back to the government and would be run by NGOs.

He added that it would also be faster than building care homes in public projects, which tended to take eight years or even longer to complete.

He said private projects tended to take as little as five years to build.

RECENT NEWS

Plantos Agentic AI CFO Takes Aim At The SME Lending Gap

Planto, a leading financial technology company specialising in AI-driven banking solutions, officially unveiled its whi... Read more

Hong Kong And Indonesia Explore QR Payment Interoperability

Hong Kong and Indonesia are exploring QR payment interoperability between the two markets. The Hong Kong Monetary Autho... Read more

Who Raises The Alarm, If Synthetic Identity Fraud Has No Victim?

Synthetic identity fraud is one of the fastest-growing fraud types globally, where fraudsters fabricate a person who ne... Read more

SFC Hong Kong Strategic Action Plan Backs Citys Five-Year Plan

Hong Kong’s Securities and Futures Commission (SFC) has unveiled a strategic action plan. It supports the city’s Fi... Read more

Tencent Launches TenPayGo Payment App For Travellers In China

Tencent has launched TenPayGo, a payment app for overseas visitors to mainland China. ITHome (IT之家) reported that i... Read more

Deutsche Bank Deploys Agentic AI To Help Trace Client Wealth For KYC

Deutsche Bank Private Bank has launched an agentic AI tool to support Source of Wealth checks, part of its Know Your Cu... Read more