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Hong Kong minister urges landlords to avoid cashing in on Tai Po fire rent aid

    Hong Kong minister urges landlords to avoid cashing in on Tai Po fire rent aid

    9 months ago02 mins

    Hong Kong’s home affairs minister has urged landlords against “fishing in troubled waters” by raising rents to pocket government subsidies meant to help displaced residents of the Tai Po fire. The appeal came days after the government announced it would provide affected homeowners of the Wang Fuk Court fire with an annual rental subsidy of…

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    Market rates set Hong Kong’s HK$150,000 subsidy for Tai Po fire victims: minister

      Market rates set Hong Kong’s HK$150,000 subsidy for Tai Po fire victims: minister

      9 months ago02 mins

      Hong Kong authorities took market rates into account before setting a two-year annual subsidy of HK$150,000 (US$19,278) for flat owners displaced by the Tai Po fire, the city’s home affairs minister has said, amid calls for the government to monitor whether the new measure will further drive up rents in the area. Under the new…

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