09-04-2020 Statement

The Real Estate Developers Association of Hong Kong (REDA) welcomes the Government’s latest financial relief package valued at HKD137.5 billion announced yesterday. These emergency support measures will certainly help Hong Kong’s people and its businesses to weather the current difficult situation. In particular, the Employment Support Scheme is a positive initiative which will assist businesses to maintain staff on salary thereby avoiding layoffs and closures.

At the same time, we have been in full support of the Government’s appeal to our members to offer help to the affected businesses wherever possible. Since the start of the pandemic, a majority of REDA members have already taken steps to assist the retailers and F&B operators by providing appropriate rental relief and/or other assistance.

The various measures undertaken by the Government will provide immediate relief to our hard-hit economy. With the concerted efforts of all sectors of the society, we are confident that Hong Kong will overcome this adversity and come out stronger than ever.