Slash Red Tape To Fix Housing: Liberal Party
"); jQuery("#212 h3").html("

"); });
2019-10-13 HKT 09:08
The Liberal Party is calling on the government to reduce red tape so land can be released to build homes more quickly.
Speaking on RTHK's Letter to Hong Kong programme, party chairman Tommy Cheung said the SAR desperately needed more housing, but complicated procedures involving multiple departments made building flats more difficult.
Cheung, who's also a member of the Executive Council, says it's time for the Carrie Lam administration to speed the process up.
He said that building housing in the SAR was delayed by local community opposition and by complicated procedures from various arms of government.
He said it could take more than 10 or even 20 years to complete all necessary procedures.
"The Liberal Party believe that there should be a complete overhaul of this red tape and bureaucracy among bureaux and departments to expedite the pace of approval, change of land use and housing development," Cheung said.
The average wait for a public housing flat is now 5.4 years, a lot longer than the government's three-year target.
There have also been recent calls for the government to use the Land Resumption Ordinance to get new housing sites and speed up flat building.
The government has set an annual target of 13,500 new homes, but critics say it needs to do more to address the situation.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more
