$200m Disbursed To Property Sector

More than 5,400 applications for the Anti-epidemic Support Scheme for Property Management Sector have been approved, involving subsidies of over $200 million.

The approved subsidies will benefit more than 27,200 building blocks and 51,300 frontline property management workers.

The scheme, which has received over 8,700 applications as of today, was launched under the Anti-epidemic Fund to subsidise owners' organisations or property management companies of buildings to provide the Anti-epidemic Hardship Allowance to frontline property management workers.

It will also provide the Anti-epidemic Cleansing Subsidy to owners' organisations or property management companies.

Phase 1 of the scheme covers private residential and composite buildings while phase II covers industrial and commercial buildings, including shopping malls.

The application deadlines for phase I and phase II are May 31 and June 15.

Click here for details.