Chief Executive Carrie Lam announced today (4th) that she will not run for re-election. The term will expire on June 30, which means that the Carrie Lam family needs to move out of the Government House before July 1.
Looking through the declaration of interests, Carrie Lam has no property in Hong Kong, so where will she move to after she resigns?
According to the current arrangement, Lam Cheng Yuet-ngor will still enjoy a variety of benefits and privileges, including government car transfers, bodyguards, office identification, etc., as well as permanent VIP service at Hong Kong International Airport, life-long medical and dental benefits.
Husband Lin Zhaobo, the director of Zhongshan Youlou, rented Yangming Villa in the era
The government has been providing support and lifetime benefits to all former chief executives in accordance with the report of the Independent Committee on the Compensation and Post-employment Arrangements of the Chief Executive of the Hong Kong Special Administrative Region formulated in 2005.
The report pointed out that a person who has held the most important public office in Hong Kong should be given proper status and respect after leaving office.
According to the Register of Personal Interests of the Executive Council, Carrie Lam and her husband Lam Siu-po do not own any property in Hong Kong.
According to the data, Lam Cheng Yuet-ngor, who has been an official for many years, has lived in the civil service quarters for a long time. When she was still the Permanent Secretary of the Home Affairs Bureau in 2007, she lived in a bungalow in East Lo, No. 76 Peak Road, owned by the government, with a usable area of 3,515 square feet, plus over 2,000 square feet of garden and vestibule.
After Lam Cheng Yuet-ngor became the Secretary for Development in July 2007, she began to rent a unit with a usable area of 1,041 square feet in Block 3 of Yangming Villa, Tai Tam, and lived there for many years until she was promoted to Chief Secretary for Administration and moved into the Chief Secretary for Administration's residence.
Lin Zhaobo has residential properties in Zhongshan.
(file picture)
Lam Cheng-ruo buys a house to qualify for a first home
After resigning as Secretary to run for election in 2017, Lam Cheng Yuet-ngor briefly moved to the serviced residence "Meeting Court" in Wanchai, but on the first day of moving in, she found out that there was no toilet paper in her new home in the middle of the night. Paper is sold, and it is necessary to return to the director's residence without a night.
The declaration of interests shows that her husband, Lin Zhaobo, has a residential unit with a parking space in Zhongshan for self-occupation. It is unknown whether Lin Zheng will move to the Greater Bay Area.
As for buying a property in Hong Kong, Lam Cheng Yuet-ngor revealed in 2017 that she had a property purchase problem and could not buy a 300-square-foot unit in Wanchai with a long-term salary.
Carrie Lam's salary budget for 2021-22 is 5.08 million yuan, or about 423,400 yuan per month.
According to Centaline Property Information, the current asking price for properties in Wanchai of about 300 square feet and aged 20 to 35 years ranges from 5.8 million to 7.98 million.
The government currently has a first home purchase arrangement. Since Carrie Lam has been sanctioned by the United States, she has no bank account, and theoretically cannot undertake a mortgage, but has to pay in one lump sum.
However, Carrie Lam can still enjoy the 15% ad valorem stamp duty exemption for first home buyers and only need to pay the first standard tax rate, such as 3.75% for properties ranging from 6.72 million to 20 million.
If the unsanctioned husband, Lin Zhaobo, buys a house to live in, he can theoretically apply for a mortgage, but the prerequisite is that Lin Zhaobo has an income to pass the bank's stress test.
Cannot serve as a director or partner within 1 year of resignation
Carrie Lam, who decided not to be re-elected on the grounds of family, can turn to business development after leaving office?
According to the regulations of the Advisory Committee on the Post-Resignation Work of the Former Chief Executive and Politically Appointed Officials, the former Chief Executive shall not accept any employment, including part-time jobs, nor shall he serve as a director or partner in any commercial or professional institution, and shall not Sole proprietorship or joint venture with others to operate any business or professional service.
In the next two years, if Carrie Lam wants to "replacate workers", whether it is domestic or overseas, he must first consult the committee's opinion.
The committee will consider two principles for approval, namely preventing conflicts of interest and avoiding negative public perception.
Lam Cheng Yuet-ngor bid farewell to Government House at the end of June.
(Carrie Lam Facebook)
Central appointments, charitable organisations and non-profit organisation positions are not restricted
However, within 3 years of leaving the company, accept the following jobs, whether paid or not, without consultation by the committee, but must notify the government, including appointments by central agencies or the SAR government, appointments by charitable, academic or other non-profit-making organizations, and non-commercial Regional or international organization appointments.
For example, the term of office of the former Chief Executive Leung Chun-ying ended on June 30, 2017. On September 11 of the same year, he notified the government in writing that he accepted the Belt and Road International Cooperation Hong Kong Center Limited and the Greater Bay Area Hong Kong Center Limited on August 31. The company is appointed as a director.
As the two companies will not be involved in commercial or professional services, the Government considers that Leung can accept the appointment without consulting the Advisory Committee.
Protected by Police "G4"
After Carrie Lam resigned, she still enjoys many benefits, including the former Chief Executive's Office on Caine Road, lifelong medical and dental benefits, and VIP room services at the international airport. The VIP Protection Unit provides bodyguard services and will continue to provide car and driver services to the former Chief Executive.
In terms of titles, Carrie Lam can use the title of "Former Chief Executive of the Hong Kong Special Administrative Region" on her business cards, webpages, articles, etc., and print the SAR regional emblem to highlight her status.
Lam Cheng Yuet-ngor announced that he would not be re-elected as the chief executive: The family thinks that I have enough time to return to the housing company without accepting officials to resign. area affected?
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