Housing Authority sets rents for two new estates
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Rents for 7 548 flats in nine non-standard blocks of the Hong Kong Housing Authority (HA)'s two new public rental housing (PRH) estates tentatively expected to be completed between January and June 2017 will be set at the best rent levels in their respective districts.
The best rent at $77.80 per square metre per month for the flats in the Urban District will apply to the 2 860 flats in four blocks in On Tai Estate (Anderson Road Sites A and C1).
The best rent at $51.80 per square metre per month for the flats in Tuen Mun District will apply to the 4 688 flats in five blocks in Yan Tin Estate (Tuen Mun Area 54 Site 2, Phases 1 and 2).
"Under this rent-fixing exercise, 77 per cent of the flats are set at a rent level below $2,000 per month," a spokesman for the HA said today (December 5), 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 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/Monday, December 5, 2016
Issued at HKT 16:55
Issued at HKT 16:55
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