Paul Chan: Building Maintenance Support and Services Bureau to Begin Operating in January Next Year as Government Sets Aside $300 Million

Financial Secretary Paul Chan says the government will establish a Building Maintenance Support and Services Bureau, launching services in January next year to lead support for owners in inspecting buildings and planning maintenance works. The bureau will be operated by a non-statutory company wholly owned by the Financial Secretary Incorporated; the government will complete registration and board appointments by the end of this year, taking over from the URA. This year's Budget has set aside $300 million, of which $100 million is start-up capital and $200 million is fee-relief funding for owners who use the services.