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The HKHS has optimized the unpaid sub-leasing plan and has so far received 15 applications from tenants and 111 owners.

2019-12-10T02:23:13.336Z


The Hong Kong Housing Society previously announced the optimization measures for "unpaid subsidized sale of houses-rental plans", including allowing eligible owners to rent out the entire unpaid unit, and cooperating with the HKCSS to entrust social service agencies or social enterprises as the second landlord. Assist qualified owners to sublet units and set up an online information platform for matching. The plan is to accept applications from landlords in the middle of last month and tenants on Monday (11th). The Deputy Chief Executive Officer of the Hong Kong Housing Society, Chen Qin Mian, today (12th) accepted an interview with the Taiwanese TV program "Departure on a Sunny Day" and stated that there were currently 15 applications from tenants and 111 applications from landlords. He said that the HS is still in the process of approving related applications and is optimistic about the number of applications.


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Written by: Zhang Jiamin

2019-12-10 10:12

Last updated: 2019-12-10 10:12

The Hong Kong Housing Society previously announced the optimization measures for "unpaid subsidized sale of houses-rental plans", including allowing eligible owners to rent out the entire unpaid unit, and cooperating with the HKCSS to entrust social service agencies or social enterprises as the second landlord. Assist qualified owners to sublet units and set up an online information platform for matching. The plan is to accept applications from landlords in the middle of last month and tenants on Monday (11th).

The Deputy Chief Executive Officer of the Hong Kong Housing Society, Chen Qin Mian, today (12th) accepted an interview with the Taiwanese TV program "Departure on a Sunny Day" and stated that there were currently 15 applications from tenants and 111 applications from landlords. He said that the HS is still in the process of approving related applications and is optimistic about the number of applications.

The Hong Kong Housing Society has previously announced the optimization measures for "unpaid subsidized sale of houses-rental scheme". (Profile picture)

The Hong Kong Housing Society Deputy Chief Executive Officer Chen Qin Mian said on the show that the Housing Society began accepting applications from tenants on Monday (11th) and received a total of 15 applications. From last month, a total of 111 applications from landlords have been received and are under review. . He continued that the number of applications had increased by a certain amount compared with before the optimization plan. Although no target was set for the number of applications, he was optimistic about the current application situation and hoped to see results as soon as possible. He also said that there are voices requesting the HKHS to set a ceiling on rents, but he believes that the rent of rental units depends on factors such as area and location, and it is difficult to uniformly set standard rents. In addition, the practice may reduce the owners ’willingness to rent, which is not in line with the plan's goals .

HKHS will review plans next year

Chen Qin Mian continued, the planned lease follows the market's two-year lease, but in theory it can be arranged to rent until the public housing is allocated. He hopes that the plan can help citizens who are waiting for public housing and the housing environment. The Housing Society will review the plan by the end of next year. The Hong Kong Housing Society launched the "Unpaid Subsidized Sale of Housing-Rental Scheme" last September. At that time, the eligible owners of the subsidized housing projects applicable to the Housing Society were leased to individual bedrooms in the unpaid units. Qualified tenants, but the plan did not work as expected, the Housing Society subsequently reviewed the plan.

The HKHS announced the optimization measures of the plan earlier, in which eligible owners are allowed to rent out the entire unpaid unit or individual bedrooms, and owners of units with two bedrooms or more can only lease to two tenants; in cooperation with the HKCSS , The Association as the second landlord entrusts a recognized social service agency or social enterprise to assist qualified owners to sublet units and provide support services to tenants. The operation mode is similar to the "Social Housing Sharing Plan" of the Association. In addition, the Housing Society has set up an online information platform to provide information for owners and tenants holding certificates of participation in the scheme for easy matching.

The Housing Society and the Housing Authority have together sold more than 350,000 unpaid subsidised units for sale. (Profile picture)

HKHS promotes multiple rent reduction measures involving more than 100 million yuan

Earlier, the government announced relief measures, including paying one month's rent for the Housing Society's Class A housing estate tenants. As for the Housing Society's Type B housing estate tenants, the Housing Society recently announced that it will be a Category B housing estate in January next year. Tenants are entitled to two-thirds of the rent reduction, which involves about 1,000 tenants. Chen Qin Mian said that the rent reduction measures of the Housing Society involve about 4 million yuan; the Housing Society also provides about half a year of rent reduction for about 400 merchants, including about 100 million yuan. As for the Housing Authority's previous freeze on rents for one year from January 1 next year, the Housing Society will also provide a 50% rent reduction for its parking lot operators for a period of 6 months.

Tenants of the Housing Society's Class B housing estate will receive two-thirds rent reduction next January

Housing Society's 18/19 net asset value of 43.4 billion yuan hits record high and new land price arrangement saves 1.3 billion yuan

HKHS launches "Smart and Friendly" initiative to strengthen community collaboration to help elderly with cognitive impairment live at home

Deputy Chief Executive of the Hong Kong Housing Society: Sub-leasing plan allows owners to rent out entire units

HKHS pushes sub-tenancy plan optimization measures to allow entire units to be rented for applications in mid-November

The Housing Society's Senior Citizens House will accept applications from mid-October for about 1,300 eligible units

Housing Society

Source: hk1

All news articles on 2019-12-10

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