Housing Authority proposes plugging loopholes on well-off tenants
The Housing Authority (HA) suggested tightening well-off tenant policies, including asking them to declare assets in Hong Kong every two years instead of ten years, according to sources.
Under the proposal, tenants also have to declare if they have been consistently living in the public housing apartment and whether they have violated any of the tenancy agreements. The HA will also be given the right to request tenant information from public and private organizations, to see whether they are still eligible for a subsidized home.
According to sources, the Authority has also suggested shortening the fixed-term licence of the residing units of well-off tenants from a year to only four months to prevent them from transferring assets during the period to evade eviction.
Second-generation tenancies were also a key subject to be tackled, with the Authority suggesting allowing only one adult offspring's name to be added to the tenancy agreement.
The HA also propose extending the ban from queueing for public housing to five years if the applicant is found to have made false statements.
The Subsidized Housing Committee of the HA will hold a meeting on Wednesday to discuss the proposal.