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HK owners of 14 subsidised flats seek grace period under subdividing rules

Hong Kong’s housing secretary said leasing a subsidised sale flat without paying the premium is against the law.

Reported · Written up by our desk · Residential

Hong Kong’s housing minister said owners of 14 subsidised sale flats have applied for a grace period to comply with the territory’s new regulatory regime for subdivided homes, a development that has prompted concerns about possible abuse of public resources, according to SCMP Economy.

The cases were disclosed at a Legislative Council housing panel meeting on Monday after a lawmaker asked the secretary about the use of Home Ownership Scheme flats as subdivided units for renting, SCMP Economy reported.

The housing minister said flats sold under the government-subsidised Home Ownership Scheme are deemed a form of social welfare and should not be used for profiteering.

She also said it is illegal for an owner to lease a subsidised sale flat without having paid the premium, SCMP Economy reported.

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