Housing Authority sets rents for two new estates
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The following is issued on behalf of the Hong Kong Housing Authority:

     Rents for 3 505 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 July and December 2017 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 2 639 flats in three blocks in On Tai Estate (Anderson Road Site B, Phase 2).

     The best rent at $75.2 per square metre per month for the flats in Kwai Chung District will apply to the 866 flats in two blocks in Kwai Tsui Estate (Ex-Kwai Chung Police Married Quarters).

     "Under this rent-fixing exercise, over 67 per cent of the flats are set at a rent level below $2,500 per month," a spokesman for the HA said today (June 7), adding that PRH rents, which are inclusive of rates, management fees and maintenance costs, are heavily subsidised.

     "PRH applicants who are allocated with 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 said.

Ends/Wednesday, June 7, 2017
Issued at HKT 18:37

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