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

     Rents for 14 879 flats in 22 non-standard blocks of the Hong Kong Housing Authority (HA)'s six public rental housing (PRH) estates, which are tentatively scheduled for completion between January and June 2018, 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 288 flats in the block in Lin Tsui Estate in Chai Wan (Lin Shing Road), 3 062 flats in four blocks in On Tai Estate in Kwun Tong (Anderson Road Site B, Phase 1), 4 068 flats in eight blocks in So Uk Estate in Sham Shui Po (So Uk, Phases 1 and 2) and 1 319 flats in two blocks in Hoi Ying Estate in Sham Shui Po (Cheung Sha Wan Wholesale Food Market Site 3).
 
     The best rent at $75.2 per square metre per month for the flats in Shatin District will apply to 2 276 flats in three blocks in Shek Mun Estate (Shek Mun).
 
     The best rent at $55.1 per square metre per month for the flats in Tung Chung District will apply to 3 866 flats in four blocks in Mun Tung Estate (Tung Chung Area 39).
 
     "Under this rent-fixing exercise, over 77 per cent of the flats are set at a rent level below $2,500 per month," a spokesman for the HA said today (December 27), 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, December 27, 2017
Issued at HKT 16:00
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