Boosting Fertility Rates: Hong Kong’s Newborn Baby Bonus and Housing Incentives

2023-11-01 02:50:21

[Yahoo News Report]Chief Executive Li Jiachao released the second “Policy Address” during his term of office last Wednesday (25th). Among them, policies to boost the fertility rate have attracted widespread attention, including providing a one-time cash reward of NT$20,000 for three years to every newborn baby born in Hong Kong whose parent is a Hong Kong permanent resident. Whether in today’s generation people think “two is enough” or whether they think “we are the last generation” remains to be seen over time. The “Yahoo Poll” set up a question from October 26 to October 30, asking users whether they would give birth to a baby for 20,000 yuan. The result was 8%, and a total of more than a thousand people said they would give birth for the bonus.

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Policy Address·Fertility Rate|Newborn babies will receive a bonus of NT$20,000 starting from today. Priority will be given to Home Ownership Housing and accelerated public housing.

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The “Yahoo Poll” started setting up questions on October 26, and as of October 30, 13,488 users had voted to express their intentions. Users were asked: “The government has set up a new baby bonus, and babies born on October 25 will receive 20,000 yuan. Will you give birth to a baby for 20,000 yuan?” The results showed that 85% of users (11,506 people) said ” No”; 8% of users (1,085 people) said “yes”. Another 7% of users (897 people) said they were “under consideration”.

Lee Ka-chiu said at the “Policy Address” press conference last Wednesday that as Hong Kong’s fertility rate has continued to decline for many years and has dropped to 0.9%, he feels that the downward trend is “very difficult to reverse.” If nothing is done, the possibility of reversal is very high. Low, so the authorities need to take the lead in policy to make society understand that the government wants to increase the fertility rate. In addition, the “Policy Address” measures to encourage childbirth have not benefited “snow eggs”. Li Jiachao explained that this is because it is inconsistent with the policy direction of encouraging citizens to “have children as early as possible”. “Everyone hopes that our next generation will be able to have children when they are at their strongest.” Stronger.”

The “Policy Address” also mentioned that families with newborn babies can be given priority in choosing apartments. The Housing Authority will launch the “Priority Flat Selection Scheme for Families with Newborns” to increase the chances of families with newborn babies successfully purchasing subsidized sale flats. Starting from the launch of Home Ownership Scheme housing next year, some flat quotas will be reserved for families with babies born on or following last Wednesday (25th) to draw lots and have priority in flat selection until the child reaches 3 years old. For each HOS and Green Home Ownership Scheme sale, an additional 10% of the total number of units will be reserved for priority flat selection.

Similar arrangements are also available in public housing. The Housing Authority will launch the “Priority Housing Allocation Scheme” to expedite the public housing allocation for families with newborn babies. Families with babies born on or following last Wednesday (25th) can shorten the waiting time by one year. , which will take effect in April next year.

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