Homeowners Banned From Applying For Subsidised Flats

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

Related News Programmes

"); });

2023-04-26 HKT 19:30

Share this story

facebook

  • Homeowners banned from applying for subsidised flats

A Housing Authority committee on Wednesday passed a resolution to ban public housing tenants who already own a home from applying for a subsidised flat.

The change applies to "green form" applicants who live in public housing, aligning the rules with "white form" applicants who mustn't have owned or co-owned a flat in the past two years.

There have been calls to change the rule after reports that a suspect in the murder of a socialite earlier this year had bought a government-subsidised flat despite already owning a luxurious property.

The chair of the authority's subsidised housing committee, Cleresa Wong, said members who were present voted unanimously to pass the change, adding that green form applicants will now also be asked to make relevant asset declarations when they apply for a flat.

"The legal declaration means that [the applicant] cannot knowingly make false declarations. If it is proven that they knowingly and intentionally make false declarations or conceal something, that is something criminal," Wong, who's also a lawyer, said.

She said she doesn't think the rule change will affect the availability of public flats, saying this should affect only a small amount of people.

Wong also said the committee did not discuss reviewing the policy on well-off public housing tenants, but she said they may look into it later.

RECENT NEWS

Fraud & AML In Asia: What Banks Need To Know In 2026

Fraud and AML in Asia have shifted over the past year. Alongside the system-level attacks that continue, panellists poi... Read more

Hong Kongs Total AUM Hits Record HK$42.2 Trillion In 2025

According to the Securities and Futures Commission (SFC), Hong Kong’s total assets under management (AUM) reached a r... Read more

Hyundai Card Leverages Apple Pay To Target Gen Z Users

Hyundai Card launched six new debit and hybrid cards tailored to Apple Pay users in April. The South Korean issuer is t... Read more

DBS And Samsung Securities Partner For Global Wealth Expansion

DBS has signed a MoU with South Korea’s Samsung Securities to establish a strategic partnership in wealth management.... Read more

RedotPay Selects OpenPayd For Treasury Operations And Global Remittances

RedotPay has selected OpenPayd to enhance its treasury operations and cross-border remittance services. The company wil... Read more

JCB Rolls Out Contactless Transit Payments Across Taipei Metro

JCB has rolled out contactless payment acceptance on the Taipei Metro. The integration allows cardholders to tap physic... Read more