Struggling businesses back rent moratorium

Businesses hit hard by the government’s latest Covid-19 restrictions have on Sunday joined hands to support the Financial Secretary’s three-month rent relief proposal, saying the arrangement is urgently needed to help them ride out the current crisis. The scheme was announced in Paul Chan’s budget proposals last month. Under the...

No extension for rent moratorium: FS

The Financial Secretary, Paul Chan, said on Monday that the planned three-month moratorium on commercial rents will not be extended. The scheme was announced in his budget proposals last month, with the minister saying it could be lengthened for another three months if necessary. Under the plan, landlords will be...

Government renews calls for Covid rent concessions

The Chief Executive, Carrie Lam, has urged property developers to offer rent concessions to tenants that have been forced to close because of social gathering restrictions. The mandatory closure of these premises, which include gyms, beauty parlours, and hair salons, will be in place until at least April 20. In...

Loans to be offered to moratorium-hit small landlords

Financial Secretary Paul Chan said on Saturday that the government was planning to offer interest-free loans to small landlords, who will be affected by his proposed moratorium on commercial rents. Under Chan’s latest budget, landlords will be banned from taking legal action against, or evicting, specified businesses which fall behind...

Rent moratorium can also benefit landlords: minister

The Secretary for Financial Services and the Treasury, Christopher Hui, on Thursday said a proposed moratorium on commercial rents would also benefit landlords. Under the plan, landlords will be banned from taking legal action against or evicting specified businesses which fall behind on their rent during the latest Covid outbreak....

Rent protection for SMEs, rates hike for pricey flats

The government on Wednesday said it’s looking to urgently introduce a new law that would stop landlords from kicking out smaller businesses that have fallen behind on their rent for at least three months. Financial Secretary Paul Chan also announced in his latest budget that big landlords would stop benefiting...