How 2 coming Hong Kong policies aim to promote subsidised flat turnover

Hong Kong’s Housing Authority will roll out two schemes in September to promote more efficient use of subsidised homes by allowing owners to lease properties without paying a premium and encouraging elderly owners to swap properties for a smaller or remote flat. The two initiatives received the green light from the subsidised housing committee of the authority, the city’s major public housing provider, on Thursday. The schemes will ease current restrictions on subsidised sale flats, which do not