Homeowners Banned From Applying For Subsidised Flats
"); jQuery("#212 h3").html("

"); });
2023-04-26 HKT 19:30
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.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more