United Centre tenants exempted from building management fees

Tenants of United Centre in Admiralty will be waived from paying air conditioning fees and building management fees for another three months as businesses struggle during the latest wave of the Covid-19 outbreak.

The exemption will last until the end of March, president of the building’s owners corporation Freddy Yip Hing-ning said. 

Also the chairman of Hong Kong Travel Agent Association, Yip hopes this move can take the lead and urges the other owners’ corporations to help each other through the difficulties if possible.

This comes as Urban Renewal Authority announced extending the rental reduction for residential and commercial premises a second time for three more months till March.

The authority’s managing director Wai Chi-sing wrote in his blog today that with the rental reduction, tenants will be paying an average of only 10 percent of their turnover on rent.

“Many shops have to shorten their opening hours, or even shut down under the anti-epidemic measures. We fully understand their difficulties,” said Wai. 

The 6-month measure was supposed to end in September, but was extended for three more months till December, benefiting over 720 shops. Tenants in the resettlement buildings, conservation and development projects can get a 75 percent rent reduction. 

Until November, the number of tourists visiting Hong Kong in 2020 has decreased by over 93 percent to about 3.56 million people, compared to the same period last year, according to the Hong Kong Tourism Board.

(The Standard)

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