Hong Kong developer Sino Group to give all children at new transitional housing project HK$5,000 a year
- 85 flats under 200 sq ft will be ready next year, providing temporary homes for small families
- Sino Group foundation hopes cash gift will allow children to attend classes, develop talents
Hong Kong developer Sino Group will give HK$5,000 (US$639) a year to every child moving into its first transitional housing project, to encourage youngsters from low-income families to develop their talents or attend special interest classes.
The Wellness Lodge in Sham Tseng will have 85 flats ranging in size from 146 sq ft to 197 sq ft and is expected to be completed by the end of next year. It will provide temporary homes for small families of up to three people, who are in the long queue for public housing.
The project, which Sino Group is developing in partnership with the non-profit Pumen Foundation, has been approved by the government with construction funding of HK$48 million.
The developer is leasing its land to the non-profit at a nominal rent of HK$1 and will be involved in designing the project.
Through its Ng Teng Fong Charitable Foundation, the developer will sponsor the cash gift and activities for children who move in.