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Maintenance of Self-occupied Properties
154.
We note that some needy elderly people have not properly maintained their self-occupied properties because of financial difficulties. The plight of some may even make it impossible for other owners and owners’ corporations to comply with maintenance orders issued by the Buildings Department, thus endangering the safety of public areas and the external walls of the buildings.
155.
In view of this, I propose to earmark $1 billion as a subsidy for the elderly in need to carry out maintenance or safety improvement works for their self-occupied properties in the next five years, subject to a ceiling of $40,000 per eligible elderly person. This proposal will benefit 30 000 elderly people.
156.
For those elderly people who are unable to pay off property maintenance loans previously obtained through the Buildings Department, the URA or the HS, they can also apply for the subsidy to repay the debts. We will ask the HS to implement this scheme.
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