Tighten Rules On Subsidised Homes: Lawmakers
"); jQuery("#212 h3").html("
"); });
2023-03-15 HKT 17:56
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.
PantherTrade And YAX Secure Hong Kongs First Crypto Licences Of 2025
Securities and Futures Commission (SFC) granted operational Hong Kong crypto licences to two cryptocurrency trading pla... Read more
Digital Payments In Hong Kong Soars But Bank Transfers Lead The Growth In 2024
Digital payments in Hong Kong grew significantly. In 2024, the use of digital payments for online transactions rose 9 p... Read more
Nuvei Acquires Paywiser In Japan To Power Next Ecommerce Growth Wave
Nuvei acquired Paywiser Japan Limited and its license from the Japanese Ministry of Economy, Trade, and Industry on 27 ... Read more
Fraud Prevention Strategies For 2025 To Combat Emerging Digital Threats
In 2025, fraud prevention strategies are non-negotiable. It’s a battle for trust. With cybercrime evolving at breakne... Read more
Alipay Tap! Expands To Macao, Now Accepted At Over 1,000 Merchants
Alipay Tap! in Macao was recently launched, enabling Alipay and Macau Pass to expand their partnership to bring it to m... Read more
ESG Fintech Startups Took The Spotlight At The Asian Financial Forum
Environmental, Social, and Governance (ESG) considerations have become central to global economic discussions and remai... Read more