SMEs in certain sectors will be allowed to defer their rent payments by up to six months, Financial Secretary Paul Chan Mo-po said in his budget briefing. Photo: Xinhua
Hong Kong’s rent deferral plan will help small businesses stay afloat if UK, Singapore models are any guide, say property experts
- The plan shares similarities with schemes in Singapore and Britain aimed at helping commercial tenants survive the pandemic
- Singapore’s moratorium had ‘prevented disorderly systemic defaults by SMEs, said one analyst
SMEs in certain sectors will be allowed to defer their rent payments by up to six months, Financial Secretary Paul Chan Mo-po said in his budget briefing. Photo: Xinhua
