Housing Authority sets rents for two new estates
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Rents for 4 360 flats in five non-standard blocks of the Hong Kong Housing Authority (HA)'s two new public rental housing (PRH) estates tentatively expected to be completed between October and December 2016 will be set at the best rent levels in their respective districts.
The best rent at $77.8 per square metre per month for the flats in the Urban district will apply to the 780 flats in one block in On Tat Estate (Anderson Road Site E, Phase 2).
The best rent at $55.1 per square metre per month for the flats in Tung Chung District will apply to the 3 580 flats in four blocks in Ying Tung Estate (Tung Chung Area 56).
"Under this rent-fixing exercise, over 77 per cent of the flats are set at a rent level below $2,000 per month," a spokesman for HA said today (September 14), adding that PRH rents, which are inclusive of rates, management fees and maintenance costs, are heavily subsidised.
"PRH applicants who are allocated new flats but cannot afford the rents may request for refurbished flats at lower rents, and they may also apply for assistance under the Rent Assistance Scheme for flats in older block types where applicable," the spokesman added.
Ends/Wednesday, September 14, 2016
Issued at HKT 14:30
Issued at HKT 14:30
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