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Housing Authority sets rents for Shui Chuen O Estate in Sha Tin
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The following is issued on behalf of the Hong Kong Housing Authority:

     Rents for 3 039 flats in five non-standard blocks in Shui Chuen O Estate, Sha Tin, to be completed in September and October this year will be set at the best rent level of the district.

     The best rent at $68.4 per square metre per month for flats in Sha Tin District will apply to the flats at Shui Chuen O Estate (Sha Tin Area 52, Phase 1).

     "Under this rent fixing exercise, 84 per cent of the flats are set at a rent level below $2,100 per month," a spokesman for the Hong Kong Housing Authority (HA) said today (September 18), adding that rents for public rental housing (PRH), 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 can also apply for assistance under the Rent Assistance Scheme for flats in older block types where applicable," the spokesman added.

Ends/Thursday, September 18, 2014
Issued at HKT 14:30

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