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...

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...

Landlords can still recover rent owed last year: FS

Financial Secretary Paul Chan said while he plans to temporarily ban landlords from taking legal action against or evicting businesses falling behind on their rent during the latest Covid outbreak, they should still be able to try to recover any rent owed by their tenants last year. Chan was responding...

Anti-epidemic fund can’t help grassroots: SoCO

The Society for Community Organisation (SoCO) has on Sunday called on the authorities to directly deposit anti-epidemic subsidies into the bank accounts of those in need, saying its latest round of anti-epidemic fund will only benefit business owners. The government earlier announced that it has earmarked HK$3.57 billion to help...

Soco welcomes rental cap but wants more action

A representative of local income workers on Thursday welcomed a new law to cap rent increases at subdivided flats by 10 percent. It was approved by lawmakers on Wednesday and takes effect from January. But Sze Lai-shan, a community organiser at the Society for Community Organization, says rents at subdivided...