Housing Authority fixes rents for new blocks of new and existing public rental housing estates

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11th June 2021 – (Hong Kong)   Rents for 10,445 flats, tentatively scheduled for completion between July and December 2021, of nine non-standard blocks at a Hong Kong Housing Authority (HA) new public rental housing (PRH) estate and two existing PRH estates will be set at the best rent levels in their respective districts.
 
 The best rent at HK$93.80 per square metre per month for the flats in the Urban District will apply to 1,040 flats in Hoi Shing House of Hoi Tat Estate.
 
The best rent at HK$90.70 per sq m per month for the flats in Kwai Chung District will apply to 540 flats in Heng King House of Lai King Estate.
 
The best rent at HK$66.50 per sq m per month for the flats in Fanling District will apply to 8,865 flats in Wong Yet House, Wong Yi House, Wong Shun House, Wong Sheng House, Wong Wui House, Wong Lok House and Wong Ching House of Queens Hill Estate (Queen’s Hill, Fanling).
 
“Under this rent-fixing exercise, over 91.6 per cent of the flats are set at a rent level below $2,500 per month,” a spokesman for the HA said today, 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.

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