The council will guide owners through the full cycle of building repairs – handling tendering and evaluation on their behalf – for a fee.
Chan told a Commercial Radio programme that the non-statutory company, wholly owned by Financial Secretary Incorporated, must recover costs, as owners are responsible for maintaining private residential properties.
He said the fees would depend on the scope of the works and would cost roughly several thousand dollars per flat.
“We understand that Hong Kong has many old districts, and some buildings are quite old,” Chan said.
“Many elderly people live there, and they may not be able to fully afford the fees. So in these areas, the government can provide some subsidies.”
For better-off owners, professional guidance matters more than cash subsidies, so a one-size-fits-all subsidy ratio would not be appropriate, Chan pointed out.
He said a pre-screened list of professionals and contractors would be published for owners to choose from, describing it as government-checked to give owners greater peace of mind.
The government has earmarked HK$300 million for the plan, including HK$100 million as start-up capital and HK$200 million to subsidise owners.
The new body is expected to start operating by the end of the year, with recruitment for a chief executive already underway.
