Murder Suspect's Homes Saga Prompts Govt Rethink
"); jQuery("#212 h3").html("

"); });
2023-03-06 HKT 17:30
The Housing Bureau says it's looking into whether subsidised home rules need to be tightened amid reports a suspect in the murder of socialite Abby Choi bought a government-subsidised flat despite also owning a luxury property worth tens of millions.
Local media earlier reported that Choi's former father-in-law purchased a unit in Kwai Chung under the Green Form Subsidised Home Ownership Scheme for public flat tenants, even though he already had a high-end private flat in Ho Man Tin.
In Legco, Rountable lawmaker Michael Tien described the situation as "ridiculous" and said the government should proactively check if a subsidised housing applicant already owns property.
In response to legislators' concerns, Permanent Secretary for Housing Agnes Wong said she would not comment on specific cases, but the government does not vet the assets of green-form applicants.
"The principle is that if PRH [public rental housing] residents have the ability to afford flats, then they should do so as soon as possible, so that they can vacate the PRH flat as soon as possible," Wong said.
"But we have such an extreme case appeared...we are looking into whether or not we should tighten the regulations, perhaps we should review this further and discuss it with the Housing Authority."
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