'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.
SFC Restricts HK$125M In Client Assets Over Suspected IPO Fraud Scheme
The Securities and Futures Commission (SFC) has issued a restriction notice to Futu Securities International (Hong Kong... Read more
HashKey Looks To Expand In Singapore With APEX Acquisition
HashKey is seeking to acquire APEX to expand its institutional trading and clearing operations in Singapore. Its wholly... Read more
HKMA Launches CMU Linkage With SIX For Access To Swiss And Spanish Markets
The Hong Kong Monetary Authority (HKMA) has launched a direct linkage between the city’s Central Moneymarkets Unit (C... Read more
Lianlian And UnionPay Partner To Develop AI Agents For Cross-Border Payments
Lianlian DigiTech and UnionPay International have signed a strategic cooperation agreement to develop AI-agent payment ... Read more
Nota Sign Integrates With Hong Kongs IAM Smart For Digital Signatures
Nota Sign has integrated its electronic signature platform with Hong Kong’s official digital identity platform, iAM S... Read more
HashKey Launches Unified Crypto Trading App Across Multiple Markets
HashKey has launched a single crypto trading app that consolidates its previously separate HashKey Exchange and HashKey... Read more