SUBSCRIBE: Newsletter

Human Resources



Mak Ling Ling buys a flat for her employee

Asia’s most renowned regional HR Excellence Awards is back in October in Singapore and Malaysia to sieve out HR’s finest gems. Are you a diamond in the rough? View the categories and find out more.

While it is a known fact that buying a property in Hong Kong is almost a mission impossible, some caring employers are dedicated to help employees fulfill their property dreams.

Earlier in the month HSBC announced it will loan staff 120 times their salary from them to buy a place to live and last week.   Celebrity fortune teller Mak Ling Ling gave a female employee the ultimate perk- paid for the first instalment of her apartment that is worth HK$7.7 million, the Property Station reports.

Paying for first instalment is what many middle-class parents would do for their kids if they can afford it and Mak is doing the same for an employee.

Mak said she wanted to help a post-80 colleague who has to move from apartment to apartment because she cannot afford the rent.  The colleague is currently staying in a home ownership scheme flat in Chai Wan.

With limited capital, her initial plan was to purchase an old apartment near the Chun Yeung Street wet market at North Point that is worth HK$3.85 million.

Mak thinks buying apartments at a new housing estate is a better investment so she she stepped in paid HK$3.85 million as the first instalment for a HK$7.7 million apartment at Grand Promenade, a housing estate at Sai Wan Ho for the colleague.

It was reported the apartment is a 2-room flat with a saleable area of 498 square feet.

Mak and the colleague will co-own the apartment.  The colleague will pay Mak $9000 per month as rent to live there and repay the mortgage, according to estimations she has to shell out around HK$25,000 a month.

Great job by Mak showing that she cares, but there is a catch, what if the employee decides she want to change job?

ALSO READ: Would you offer free Teslas and sponsored weddings to staff?

Image: 123RF

Leverage on technology to improve your HR operations and process at HR Tech Interactive. Happening in Singapore and Kuala Lumpur in August.
Request your invite now!

Read More News

in All markets by

How to: Work with an egoist

In this new section, we bring you practical advice on all your work-related queries, starting with tips on working with a self-ent..


Leave a Reply

You must be logged in to post a comment.