Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Wednesday, Apr 24, 2024

Average monthly rent per square foot for subdivided flats ‘shockingly’ high

Average monthly rent per square foot for subdivided flats ‘shockingly’ high

Survey shows average rent per square foot for such units on Hong Kong Island is most expensive at HK$52.60, with an extreme case hitting HK$91.70.

The average monthly rent per square foot for subdivided flats in Hong Kong is “shockingly” higher than that for private housing across the city, a survey has found.

The survey, released on Saturday, was conducted by Chinese University researchers and concern group Grassroots Housing Rights, which also urged the government to consider setting an initial rent guideline for all subdivided flats in addition to previously proposed control measures.

The university’s Institute of Future Cities collected data on rent between August and September from around 1,500 residents living in subdivided flats, and found these units had an average size of only 121 sq ft with a monthly rent of HK$5,000 (US$642).

According to the institute, the average rent per square foot for subdivided units on Hong Kong Island is the most expensive at HK$52.60, followed by HK$44 for flats in the New Territories and HK$41.30 for Kowloon properties.

The most extreme case involved a flat on Hong Kong Island that charged HK$91.70 per square foot, even though the unit had no independent bedroom, toilet or kitchen.

That is compared with the highest average rent per square foot for private flats – about HK$40.70 on Hong Kong Island, HK$36.80 in Kowloon and HK$28.50 in the New Territories, based on official figures from the Rating and Valuation Department in July.

“The picture is rather shocking, I have to say,” said Professor Ng Mee-kam, associate director of the institute. “You can imagine that those [private] flats are in a much better condition compared to the subdivided units.”

Subdivided flats, home to some of Hong Kong’s poorest people, are mostly found in old tenement buildings that are poorly maintained, with tenants often having to share the kitchen and toilet. There are more than 100,000 such units across the city, housing about 226,000 people.

Finance minister Paul Chan Mo-po said in July that authorities would “drastically” increase land supply and simplify planning procedures, following remarks by a top Beijing official that Hong Kong should do away with cramped subdivided flats and tiny “cage homes” by 2049.

The government had earlier proposed rent control regulations for subdivided flats, including tying rent increases to a market index and capping rises at 10 per cent, and mandating a contract between landlords and tenants. Officials hope to have the bill passed next month.

The latest survey also found most of the buildings with subdivided units lacked basic facilities such as lifts (64 per cent), sufficient lighting (64 per cent) and even fire alarm systems (78 per cent).

“These units are very expensive in terms of their rent per square foot, but the facilities in the buildings are actually rather appalling,” Ng said. “[Tenants] living in units without a contract usually also see an annual increase in their rent.”

Ng said that any significant rent increases by landlords before the implementation of the control measures should be curbed.

The survey also shows that most of the buildings with subdivided flats lack basic facilities such as lifts and sufficient lighting.


Eighty-year-old retiree Mary Ng, who lives with her son in a 140 sq ft subdivided flat in Shau Kei Wan on Hong Kong Island, said the monthly rent was about HK$5,000, which they only managed to pay with the help of government subsidies.

According to her, the building where her third-floor flat is located is more than 60 years old and lacks basic safety equipment, security guards and lifts.

“There is no room at all, with the kitchen and toilet in the same space,” she said. “But I do not have much choice to move elsewhere.”

Newsletter

Related Articles

Hong Kong News
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
×