Hong Kong’s anti-corruption watchdog has arrested 10 people on suspicion of working as part of a crime syndicate that used triad connections to take control of a HK$160 million (US$20.4 million) renovation project, among other offences. The operation by the Independent Commission Against Corruption also led police to arrest 32 suspects in raids on multiple…
When Hong Kong’s Housing Authority launched the Tenants Purchase Scheme (TPS) in 1998, it embodied the city’s aspiration of home ownership for all. Then the chief executive, Tung Chee-hwa, envisioned public housing tenants buying their flats at a discount, transforming renters into homeowners. That year, the first batch of 25,000 flats was rolled out. In…
Hong Kong’s leader is expected to relaunch a scheme allowing public flat tenants to buy their homes as part of his policy address, but observers have raised concerns about settling property management disputes and called for a review of the subsidised housing regime. Insiders told the Post on Friday that Chief Executive John Lee Ka-chiu’s…