Briefs | Asset evaluation main focus for subsidized housing applicants

Residents participating in the first subsidized housing explanation session focused their feedback in the valuation of assets criteria. Some were concerned about the valuation of real estate owned outside of Macau. The Housing Bureau replied on October 31, 2019, that the value of such properties would be taken into account in its equivalent in Macau patacas. Meanwhile, business-owner applicants must submit the accounts of their companies for income evaluation. While some owners do not keep monthly records of their accounts, the Bureau reiterated that the submission is a legal requirement, but reminded that the law offers a choice between submitting the 12-month average and the income from the previous month.

Lawmaker Mak asks about aviation concession

Lawmaker Mak Soi Kun wrote an interpellation to the SAR government asking about the aviation concession. Air Macau’s exclusive concession will expire in November. Mak wants to know whether the local government will draft new regulations to manage the aviation concession. In Mak’s opinion, if the local government does not establish relevant rules and set up criteria, other aviation companies will not be able to make arrangements and Macau’s aviation industry development will be affected as a result. The lawmaker also questioned the Macau International Airport facilities, saying that the airport’s size will be insufficient to handle the expected number of passengers in future.

Red Market’s external vendors to return

Some of the external stall vendors of Red Market will be able to move back to their locations today, according to a statement released by the Municipal Affairs Bureau (IAM). Since October 2019, the external vendor area of the market has been undergoing a refurbishment program. The first phase of refurbishment of the Red Market’s external vendor area is mostly completed, only awaiting tents to be installed. However, as the Lunar New Year approaches, vendors expressed their demands to return to their stalls before the holiday arrives, which the IAM has approved. In February, the IAM will start renovation works at the vendor area at Rua Norte do Mercado Almirante Lacerda. Affected vendors will be relocated to Rua Padre João Clímaco.