More People Could Soon Qualify For A Public Flat

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

Related News Programmes

"); });

2019-02-25 HKT 19:06

Share this story

facebook

  • Officials wants to raise the income ceiling for a public flat by an average 4.2 percent, and the assets limit by 3.1 percent. Photo: RTHK

    Officials wants to raise the income ceiling for a public flat by an average 4.2 percent, and the assets limit by 3.1 percent. Photo: RTHK

The Housing Department has proposed a relaxation in the eligibility requirements for public rental flats which would allow thousands more people to apply.

Officials wants to raise the income ceiling by an average 4.2 percent, and the assets limit by 3.1 percent.

Under the proposal, a family of four would be eligible for a public flat if their income is no more than HK$29,240 and they have assets under HK$348,000.

If approved, the move would allow more than 160,000 households currently in the private rental market to apply for public housing.

The proposal is due to be discussed at a Housing Authority committee meeting next month

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