'Transitional Flats May Operate Longer Than Intended'
"); jQuery("#212 h3").html("

"); });
2023-03-28 HKT 14:30
Housing officials said short-term homes for people awaiting public flats may be allowed to operate for longer than originally intended if the land they are built on is not needed for development.
The undersecretary for housing, Victor Tai, made the remark during Tuesday's Legco panel meeting to discuss transitional housing.
When asked what would happen to tenants who lost their transitional homes before being allocated a public rental flat, Tai said authorities can exercise a certain degree of flexibility.
"If there is still no long-term development plans for the lot, we can extend the operator's use of this lot to let tenants stay there for a bit longer. We in principle do not object to extension of use of such lots," he said.
"It will depend on the situation and housing needs, and we will consider that on a case-by-case basis."
The official said they can also arrange for the tenants to move to other transitional or light public housing units.
Tai added that the government will roll out a centralised online platform for people to apply for transitional flats in the last quarter of this year.
HSBC And Standard Chartered Venture Reportedly Among First For Hong Kong Stablecoin Licenses
People familiar with the matter say HSBC and a joint venture led by Standard Chartered will likely be among the first f... Read more
Hong Kong Taxi E-Payment Adoption Surges, Hits 90% Ahead Of April 2026 Mandate
The taxi industry is moving decisively toward digital payments as the mandatory Hong Kong taxi e-payment requirement, s... Read more
SUNRATE Renames China Payment Unit Following Regulatory Approval
SUNRATE has changed the name of its China-licensed entity from Transfar Pay to SUNRATE Pay following following regulato... Read more
Bithumb Could Face Six-Month Business Suspension Over AML Breaches
Financial authorities plan to impose significant sanctions on virtual asset exchange Bithumb for breaching anti-money l... Read more
HSBC Hong Kong Enables Digital Consolidation Of Multiple Passbooks
HSBC Hong Kong has introduced a new Passbook Consolidation feature on the HSBC HK App, allowing customers to view and m... Read more
PAObank Launches Flexible Wealth Service For Retail Customers
PAObank has launched a new wealth service, offering a dual-advantage solution that allows customers to switch between i... Read more