'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.
NTT Launches Financial AI Fabric Blueprint For Hong Kong FSIs
NTT Com Asia has released a service blueprint for its Financial AI Fabric in Hong Kong. The Financial AI Fabric bluepri... Read more
Asias Multi-Billion-Dollar Fraud Crisis: Can Fintechs Still Build Trust?
Digital financial services now shape everyday life, placing greater pressure on companies to earn and keep customer tru... Read more
Futu Launches AI Agent “Expert” Mode For Investment Analysis And Trade Support
Futu has launched a new AI-powered trading assistant that can assist with trade execution based on user instructions. T... Read more
DigiFT And SBI Launch Tokenised Japanese Equity Fund On Solana
DigiFT has partnered with SBI Global Asset Management to launch a tokenised Japanese high-dividend equity fund. The JX ... Read more
Baillie Gifford Launches Tokenised Bond Fund In Hong Kong
Baillie Gifford has launched its tokenised investment fund to professional investors in Hong Kong. The Baillie Gifford... Read more
SBI XDC Partners With DSRV To Explore Enterprise Solutions In Japan, South Korea
SBI XDC Network APAC has partnered with South Korean blockchain infrastructure firm DSRV to develop enterprise solution... Read more