************************************************
The following is issued on behalf of the Housing Authority:
Rents for 10 223 flats in 12 non-standard blocks of the Housing Authority (HA)'s two new public rental housing (PRH) estates to be completed between August and December 2013 will be set at the current best rent level of their respective districts.
The best rent at $64.4 per square metre per month for flats in the urban district will apply to the 8 164 flats at Tak Long Estate (Kai Tak Development Site 1B Phases 1-3).
The best rent at $56.4 per square metre per month for flats in Tseung Kwan O will apply to 2 059 flats at Yee Ming Estate (Tseung Kwan O Area 65B).
"Under this rent fixing exercise, over 89 per cent of the flats are set at a rent level below $2,000 per month," a spokesman for the HA said today (July 4), adding that PRH rents, which are inclusive of rates, management and maintenance costs, are heavily subsidised.
"PRH applicants who are allocated new flats but cannot afford the rents may request refurbished flats at lower rents. They may also apply for assistance under the Rent Assistance Scheme for the refurbished flats where applicable," the spokesman added.
Ends/Thursday, July 4, 2013
Issued at HKT 15:00
NNNN
