'No Need For Consultations On Light Public Flats'

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

Related News Programmes

"); });

2023-02-04 HKT 11:32

Share this story

facebook

  • 'No need for consultations on light public flats'

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.

RECENT NEWS

OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers

OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more

Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push

Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more

Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails

Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more

Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion

Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more

Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises

Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more

Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability

Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more