New Crown Pneumonia ｜ The Housing Society intends to reduce the rent of merchants by 75%

Social News

Written by: Zheng Qiuling

2020-04-25 10:23

Chen Qinmian, the chief executive of the Housing Society, said this morning (25th) on the commercial channel "Political and Economic Saturday" that the Housing Society intends to follow the government and will waive 75% of the rents of its merchants until September. Will communicate with tenants, I believe it will be implemented soon. In terms of rent for public housing tenants, there has been a rental assistance scheme in April, which has been extended to non-beneficiary CSSA households. Qualified low-income households can be reduced to half rent. Chen Qinmian said that the relevant concessions will reduce the rental income of the Housing Society by more than 100 million yuan, but I believe there will be no financial problems. The Housing Society will review the rent of the estate in September this year. He said he would consider the impact of the epidemic.

Chen Qinmian, chief executive of the Housing Society, said that the Housing Society is about to introduce a 75% rent waiver arrangement for merchants. (Profile picture / photo by Gong Jiasheng)

In terms of housing construction, Chen Qinmian said that the project was slightly affected. For example, the supply of concrete was temporarily suspended in the early stage of the epidemic, but he emphasized that the quantity target for construction will remain unchanged. The Housing Society will use steel assembling and synthesis in the Yiming Village of Shatian to build an elderly house. The three real estates that are about to be handed over have obtained the occupation paper before the Chinese New Year.

Chen Qinmian said that the unsupplied subsidy scheme has received 560 applications so far; the Elder Owner's Building Replacement Pilot Program has received 8 applications, 3 of which have been granted transaction permits.

The Housing Society has reduced half rents to merchants for half a year since last year, and was approved in early March to extend the 50% rent relief to eligible merchants and car park operators for a period of 6 months from April and from April 1 to September this year 30th. In addition, the Housing Society provides tenants in Class B estates under their jurisdiction with a monthly three-month and two-month rent reduction.

The Housing Society Chen Qinmian attended the commercial program. (Provided by commercial platform)

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