Taiwan boosts affordable social housing by converting hotels to homes


Some 16,000 hotel and motel units (rooms) will be converted into social housing for younger and disadvantaged renters in the first two years of the programme. - Reuters

TAIPEI (The Straits Times/Asia News Network): Taiwan announced on Monday (Jan 10) new incentives for hotel owners to convert all or part of their properties to social housing, in a scheme that would create more affordable homes as well as give hotels battered by the Covid-19 pandemic an additional source of revenue.

Hotel owners who agree to the scheme will get NT$40,000 (S$1,960) for each room that is converted, and hotels that cease operations altogether because of the pandemic will receive an additional NT$10,000 per room.

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Taiwan , hotels , housing

   

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