Legco Approves Funding For Light Public Housing

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

Related News Programmes

"); });

2023-03-17 HKT 21:52

Share this story

facebook

  • All but two lawmakers present supported a government funding bid of nearly HK$15 billion.

    All but two lawmakers present supported a government funding bid of nearly HK$15 billion.

Lawmakers on Friday approved a government funding bid of HK$14.9 billion to build light public housing.

That's part of a plan to spend more than HK$26 billion in total to construct around 30,000 temporary flats – some of which will be knocked down after being used for five years.

All but two of 60 legislators present voted in support of the funding application, even though some of them expressed concerns about how much of the housing modules can be reused in future.

Housing minister Winnie Ho cited Nam Cheong 220 – a recently demolished transitional housing project in Sham Shui Po – as saying that almost everything can be kept, except for some non-reusable items like water pipes.

The secretary stressed that the government will try its best to compress project costs.

RECENT NEWS

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