'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.
Visa And Lianlian Complete First Live B2B AI Agent Payment Transaction
Visa and Lianlian DigiTech have completed a live business-to-business transaction using an AI agent to automate product... Read more
Shanghai Commercial Bank And Planto To Launch Cross-Bank Analytics For SMEs
Shanghai Commercial Bank (Shacom Bank) has partnered with fintech firm Planto to launch a cross-bank financial analytic... Read more
SFC And SC Malaysia Launch Dual IPO And Cross-Border Fund Framework
The Securities Commission Malaysia (SC) and the Securities and Futures Commission of Hong Kong (SFC) have signed a MoU ... Read more
Kakao Group And Circle Explore Digital Asset Infrastructure In South Korea
Kakao Group has signed a strategic MoU with stablecoin issuer Circle Internet Financial to collaborate on digital asset... Read more
From Key Protection To Operational Governance: HSMs In Digital Assets
Digital asset security used to be treated as a wallet problem. Protect the private key and the asset stays safe; lose i... Read more
Anchorpoint Reportedly Set To Launch HKDAP Stablecoin In July
Anchorpoint Financial is reportedly preparing to launch its regulated Hong Kong Dollar-backed stablecoin, HKDAP, in Jul... Read more