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Written by: Zhang Jiamin
2020-01-02 21:51
Last updated: 2020-01-02 21:51The Housing Department stated that two public housing tenants living in Lai Ge Village, Sham Shui Po, were previously revealed as directors of a limited company and held three residential properties in the name of the company. In addition, the two people declared that the five non-residential properties jointly owned totaled about 9.5 million yuan, and the total net asset value of their families exceeded the asset limit of 2.31 million yuan.
The two made a false statement because they knew it, in violation of section 26 (1) (a) of the Housing Ordinance. They were fined 240,000 yuan in the West Kowloon Magistracy this morning (2), and were recovered by the Housing Department. Public housing unit.
Two public housing households in Laige Village were fined 240,000 and the units were recovered for failing to declare income and assets. (Profile picture)
The Housing Department pointed out that two public housing tenants living in Lai Kok Estate, Sham Shui Po, when they completed their income and asset returns in 2019, declared that they jointly owned five non-residential properties and did not own any Hong Kong residential properties. . In addition, they also claimed that their total net asset value of the household did not exceed the current public housing income limit by a factor of 100.
Holding company owns another 3 residential properties
A subsequent investigation by the Housing Department revealed that the total value of the above five non-residential properties was about $ 9.5 million. In addition, the two confirmed to be directors of a limited company, each holding 50% of the company's shares, and owned three residential properties through the limited company. After verification, the total net asset value of the defendant's family has exceeded the upper limit of 2.31 million yuan. The two made false statements because they knowingly violated section 26 (1) (a) of the Housing Ordinance and were prosecuted by the Housing Department.
The two defendants were convicted by a magistrate in the West Kowloon Magistracy this morning (2nd) and need to pay a total fine of 240,000 yuan. In addition, the Housing Department will also issue a "movement notice" to the defendants' family to recover the public housing units concerned.
The implementation of the new wealthy household policy, and public housing households have been fined 40,000 for the crime of not declaring property and the unit is recovering.
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A spokesman for the Housing Department reminded all public housing tenants that, as a basis for determining rents and reviewing eligibility for renewal of public housing, they must accurately complete income and asset declaration forms. Therefore, before making the declaration, the residents should read the contents of the income and asset declaration form and the instructions for completing the form carefully, and calculate their income and assets according to the specified method and fill in the relevant information. Otherwise, the tenant may knowingly make a false statement and violate Section 26 (1) (a) of the Housing Ordinance or violate Section 27 (a) by neglecting to provide the details specified in the asset return.
In addition, the Housing Department will recover from the tenants less rent due to incorrect information. According to the revised "Rich Household Policy" passed in December 2016, if public housing tenants hold more than 50% of the equity of a company that owns Hong Kong residential properties directly or through subsidiaries, or the total net asset value of the household exceeds the current public housing income The interest limit is one hundred times. Regardless of their family income, they must move out of their public housing units.
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