'Govt Plan Still Means Subsidising Private Clubs'

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

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1387052_1_20180321115139.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1387052-20180321.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1387052-20180321.htm', 'DCS.dcsqry', '' ); } } }); }); });

2018-03-21 HKT 11:51

Share this story

facebook

  • 'Govt plan still means subsidising private clubs'

Brian Wong talks to RTHK's Jimmy Choi

Liber Research Community has slammed the government's proposal on private club land unveiled on Tuesday, saying it is still like subsidising exclusive joints with public money.

For a public consultation exercise that was launched on Tuesday, the government has proposed that private sports clubs pay one-third of the full land value as a fee when they renew their leases every 15 years, starting from 2026. Most of them are currently charged little or no premium.

But Brian Wong, a member of the think tank, said the one third land value as a premium is now being paid by community service facilities, such as schools and churches. "But the condition is that they are not supposed to make money and run a business on that piece of land," he said.

"So if you charge them only one third premium and at the same time allow them to provide food and beverage services, sauna rooms, mahjong rooms, then that is absolutely unfair. It is like you are subsidising them to do private business," Wong said.

He said to promote sports, facilities have to be open to the public and inclusive. "But if at the same time you make the club house remain exclusive to its members, there is a contradiction," he said.

Wong said that each club should be examined on a case by case basis to see what service it is providing and if it fails to contribute to the community, the lease must be ended.

He also told RTHK's Jimmy Choi that those clubs who want to remain exclusive can do so by paying full land premiums as some private clubs already do.

RECENT NEWS

HSBC Tests Blockchain-Based Issuance For Structured Products In Hong Kong

HSBC has completed a private placement of its first digitally native structured product in Hong Kong. The bank issued U... Read more

OSL Group Secures Austrian MiCAR License To Expand European Crypto Services

OSL Group has secured authorisation as a Crypto-Asset Service Provider (CASP) from the Austrian Financial Market Author... Read more

SFC Requires Brokers And Crypto Platforms To Stop Using OTPs For Client Login

The Securities and Futures Commission (SFC) has ordered internet brokers and virtual asset trading platforms in Hong Ko... Read more

Hang Seng Bank Integrates Alipay+ For Cross-Border QR Payments

Hang Seng Bank has partnered with Alipay+ to enable its customers to make cross-border QR payments directly through the... Read more

Animoca Brands And Visa Pilot AI Agent Shopping In Hong Kong

Animoca Brands has completed a live pilot of AI-powered commerce capabilities in Hong Kong, developed in collaboration ... Read more

GIM Closes US$20M Series A To Build Agentic AI Systems For Capital Markets

Grace Investment Machine (GIM) has secured US$20 million in a Series A funding round to develop agentic AI systems for ... Read more