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Epidemic|Government extends concessions on government property and land lease rents or charges about 700 million less

2022-09-16T08:52:19.545Z


The Financial Services and the Treasury Bureau said today (16th) that in view of the continued impact of the new crown virus epidemic on economic activities, it announced another extension of the rent or fee concessions for short-term leases and waivers of government properties and government land.


The Financial Services and the Treasury Bureau said today (16th) that in view of the continued impact of the new crown virus epidemic on economic activities, it announced that it will once again extend the reduction of rents or fees for short-term leases and waivers of government properties and government land, benefiting about 24,000 tenants. It is estimated that It will reduce government revenue by about $700 million.


The bureau stated that since April 1, 2020, it has repeatedly reduced rents or fees by 75% for eligible tenants of government properties and eligible short-term tenancies and waivers under the Lands Department.

The latest concession started on April 1 this year and was originally scheduled to expire on October 1. The government is now extending the above-mentioned concessions for another three months to December 31 this year to ease the operating pressure of enterprises.

The bureau said that the government will review the relevant relief measures and study further follow-up arrangements during this period, and make an announcement in due course.

During this period, tenants who need to close their premises at the request of the government will continue to receive full rent relief during the closure.

Qiu Yinghua called on the Chinese ambassador to Cambodia to tell the story of Hong Kong through the Chamber of Commerce and the local business community 3 people in Shun Ying Court, Shun Chi Court, Kwun Tong, were found to have failed to comply with the compulsory inspection announcement and 1 person was charged with a fine of 10,000 yuan. Swimmers are required to get all needles and hold a "Blue Code"

Source: hk1

All news articles on 2022-09-16

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