Hong Kong Announces Tax Relief For Hung Fuk Yuen

A 26-year-old worker died while descending in an elevator. New technology, including high-definition cameras and image analysis, is being used to monitor compliance. The operational cost per unit for the seven public housing projects ranges from over 600 to 2,700 yuan per month, with school conversion projects being more expensive. Hong Kong's tax revenue for the upcoming fiscal year is projected to reach 97.7 billion yuan, a 10% increase. Approximately 1,670 households have been temporarily relocated. The Hong Kong Tax Bureau has issued approximately 2.77 million tax forms. During the Golden Week holiday, Hong Kong hotels achieved an overall occupancy rate of 90%. The Hang Seng Index closed at 26,095 points, an increase of 319 points, with a transaction amount of nearly 177 billion yuan. The Chairman of the Tourism Promotion Committee stated that hotel occupancy in Hong Kong reached 90% during the Golden Week holiday. The government announced tax exemptions for Hong Fu Garden property owners and residents for the 2025-26 tax year. The government will waive taxable amounts for Hung Fuk Yuen owners and residents for the 2025-26 tax year to ease fire-related economic burdens. The tax relief is specifically designated for the 2025-26 assessment year to assist those affected by a fire.