The following is issued on behalf of the Hong Kong Housing Authority:
 
     The Hong Kong Housing Authority (HA)'s Subsidised Housing Committee (SHC) today (March 21) discussed the outcome of the review of income and asset limits for public rental housing (PRH) for 2025/26, and endorsed the proposed income and asset limits for applicants of different household sizes. The adjusted limits will take effect from April 1, 2025 (as detailed in Annex).
 
     "The PRH income and asset limits are reviewed annually according to the established mechanism. In accordance with the established formula, the SHC endorsed adjusting the PRH income and asset limits for 2025/26 upwards for all household sizes, both increasing by an average of 1.7 per cent overall," a spokesman for the HA said.
 
     PRH income limits are derived using a household expenditure approach, which consists of housing costs and non-housing costs, plus a 5 per cent contingency provision. Housing costs, which measure the costs of renting a private flat comparable to PRH, depend on the unit rents of private accommodation per square metre and reference flat sizes (i.e. average space of flats allocated to PRH applicants in the past three years). Non-housing costs are determined with reference to the results of the latest Household Expenditure Survey conducted by the Census and Statistics Department, and adjusted in the intervening years by the latest movement in the Consumer Price Index (CPI)(A) (excluding housing costs), or the change in the nominal wage index as the income factor, whichever is higher. As regards the PRH asset limits, they are adjusted with reference to movements in CPI(A) over the year.
 
 

Ends/Friday, March 21, 2025
Issued at HKT 14:20

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