'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.
OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October
OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more
The Race For Hong Kongs First Stablecoin Licenses Is Almost Over
I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more
HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets
Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more
Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion
Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more
Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong
Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more
Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea
Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more