Tighten Rules On Subsidised Homes: Lawmakers

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2023-03-15 HKT 17:56

Share this story

facebook

  • Lawmaker Paul Tse says it's easy for people to abuse the public housing system. Photo: RTHK

    Lawmaker Paul Tse says it's easy for people to abuse the public housing system. Photo: RTHK

Lawmakers have called on housing officials to get their act together and speed up work on tightening rules on subsidised homes.

The calls come amid reports that a suspect in the recent murder of socialite Abby Choi bought a flat under the Green Form Subsidised Home Ownership Scheme for public flat tenants, despite already owning a high-end flat in Ho Man Tin worth tens of millions.

Authorities have earlier conceded that they do not vet the assets of green-form applicants.

Speaking at a Legislative Council meeting on Wednesday, housing minister Winnie Ho said the administration is working on tightening the regulations before the next round of the green form scheme is rolled out.

But lawmakers say officials need to go further, noting that the government should also plug a loophole in the asset-checking mechanism for public housing tenants.

"If you don't declare your own assets or your income, which is in excess of the quota or the ceiling, chances are you don't get caught," legislator Paul Tse said.

"You get your public housing, and when you want to purchase the ownership flat, you get the green light as well without having been checked. Basically, there's a double abuse of the system."

Meanwhile, the Roundtable's Michael Tien said the administration should get information from the Land Registry when vetting the applications.

"It's the simplest thing. And the fact that they're not doing it and [instead] they are sampling, checking [public tenants' assets] is totally beyond my imagination," Tien said.

RECENT NEWS

HashKey Lists On Hong Kong Exchange

HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more

North Korea Linked To Over Half Of 2025 Crypto Heist Losses

TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more

South Korea Forms Task Force After Coupang Data Breach

The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more