Up to 500 safer subdivided flats for Hong Kong’s needy under HK$100m plan
The scheme will act as a short term measure to manage the plight of poorest on the public housing waiting list
As many as 500 government-approved subdivided rental flats in Hong Kong could be available this year under a HK$100 million housing plan to ease the plight of needy families, the Post has learned.
Based on initial proposals, social welfare groups will be enlisted to operate such flats, with funding to come from both the Community Chest and the Social Innovation and Entrepreneurship Development Fund.
The government has also approached the Council of Social Service to line up interested welfare groups or social enterprises to apply for the money to convert the flats into partitioned units.
It is understood that tenants can expect to pay “at cost” rentals – about half the prevailing market rate. The rent for an existing subdivided flat of about 80 sq ft in Sham Shui Po is about HK$4,000 a month.
Based on an average calculation of about HK$200,000 to HK$250,000 to renovate or convert an apartment into subdivided units, the HK$100 million funding could be enough to partition 400 to 500 flats.