New renovation body may offer bigger subsidies for older buildings

Hong Kong’s planned renovation monitoring body will consider bigger subsidies for homeowners in ageing buildings, older districts and areas with more elderly residents who use its supervision services for major repairs, the finance chief has said. Financial Secretary Paul Chan Mo-po said on Saturday that the Building Maintenance Support and Services Council, set up to curb malpractice in the industry after the Tai Po blaze, would be non-profit but would have to recover its costs, since owners...