Public Housing Tenants Set To Face Higher Rents
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2020-06-22 HKT 22:14
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A Housing Authority official says hundreds of thousands of public housing tenants are likely to see rent go up this year. Stanley Wong, the chairman of the Authority's subsidised housing committee, says the matter will be discussed at its next meeting.
Rents are expected to rise by 9 percent under the authority's mechanism. But Wong said it's also likely that there will be relief measures to ease the financial burden of tenants.
Meanwhile, the authority has priced more than 7,000 flats under the Home Ownership Scheme to be put on the market later this year.
They will cost between HK$1.2 million and HK$5.1 million each. The authority will review the price levels when sales begin.
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Last updated: 2020-06-23 HKT 08:37
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