Society Pushes Ahead With Transitional Housing
"); jQuery("#212 h3").html("

"); });
2019-04-19 HKT 12:05
The chief executive of the Lok Sin Tong Benevolent Society, Lau Oi-sze, says the government's decision to streamline procedures and provide fee waivers for N-G-Os to build transitional housing is making a big difference.
The organisation plans to convert a primary school that it manages into 50 transitional housing units, after the school closes down in August.
On Thursday, the government said it had approved more measures to help social enterprises providing transitional housing, including exempting them from some payments they have to make to get a site or building from the Lands Department.
Groups which aim to provide these temporary homes for those awaiting public housing flats now don't have to pay fees to the department when applying for a temporary permit to use a government site or building.
They will also be exempt from paying fees for short term tenancies, rents and other associated costs.
Lau said this meant the time needed for the project has more than halved, and she's hoping tenants can move in as early as the first quarter of next year.
She said it had also meant that the Society's processes were faster and minimised administration costs.
Lawmaker Andrew Wan agreed that the new policy helps to ease NGOs' burden, but he added that the government ought to be leading the way in developing transitional housing.
He said the authority has to shoulder its responsibilities in seeking more suitable land, instead of fobbing the job off on non-governmental organisations.
Jean-Louis Tse Appointed CEO Of FinTech Association Of Hong Kong
The FinTech Association of Hong Kong (FTAHK) has appointed Jean-Louis Tse as its new CEO. Jean-Louis brings over 20 yea... Read more
XTransfer To Present Compliance And SME Solutions At Hong Kong Fintech Week
XTransfer will participate in Hong Kong Fintech Week 2025 as the event’s Official Fintech Partner. This marks the sec... Read more
Hang Seng E-HKD Pilots Reveal Gains In SME Cash Flow And Efficiency
Hang Seng Bank has completed two use cases in Phase 2 of the e-HKD Pilot Programme under the Hong Kong Monetary Authori... Read more
FundPark Raises US$71M After Surpassing US$6B In ECommerce Financing
FundPark, a Hong Kong-based technology company providing financing solutions for eCommerce businesses, has raised US$71... Read more
Hang Seng Bank Launches “JustPay” With Voice Recording Payment Feature
Hang Seng Bank has introduced “JustPay”, an industry-first payment experience featuring a voice recording function.... Read more
How To Build An AI First Bank | Malaysia Banking CxO Roundtable
AI is changing banking faster than ever, from how banks detect fraud to how customers interact with apps. In this round... Read more
