'No Need For Consultations On Light Public Flats'
"); jQuery("#212 h3").html("

"); });
2023-02-04 HKT 11:32
Housing Secretary Winnie Ho on Saturday dismissed the idea of holding consultations before picking plots for light public housing.
The government recently announced that eight plots have been identified for the construction of 30.000 light public flats – but the plot in Kai Tak has received strong opposition from lawmakers and residents, who say the plan will hinder the area from being developed as a central business district.
Speaking on an RTHK radio programme, Ho said light public housing was a "rescue boat" for people living in poor housing such as subdivided flats, and that the government had no time to hesitate.
"If we follow the normal procedures, with discussions and tabling it to the Legislative Council, it may take six to seven years time before construction work can begin," she said. "It will take a long time and fail to reach the aim of providing flats within a short time."
The minister reassured people that the long-term aim of developing Kai Tak into a second central business district still remains.
"We are just borrowing the land in Kai Tak, which is used for parking buses at the moment, so we want to make use of it and provide people with a better living environment," she said.
"We will use two years to build the flats and people will live there for another five years. After seven years, when the Development Bureau needs the plot back for a long-term purpose, we will release the land again."
Ho added that details of the project have been tabled to the Legislative Council.
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