Xu Zhengyu: This year it is planned to relocate 26 rented offices, with an estimated cost savings of about 130 million Hong Kong dollars.

According to the Zhitong Finance and Economics App, on June 4th, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, stated in response to questions from legislators that for the fiscal years 2025 to 2026, the Hong Kong government plans to relocate 26 leased offices to government properties or privately owned properties with lower rentals. It is estimated that this move will save approximately HK$130 million in rental expenses each year (including management fees and air conditioning charges). The Hong Kong Trade and Industry Department will continue to work with various policy bureaus and departments to review rental levels and explore schemes to control rent, including relocating offices to suitable government properties or privately owned properties with lower rentals where feasible.