The income limits for one-person to five-person households of public rental housing (PRH) will be frozen, while the asset limits will be increased by 1.9 percent for all household sizes, authorities announced on Friday.
The new ceilings will take effect on April 1.
That means the income limits will stay at existing levels and range from HK$12,940 to HK$37,180 for one-person to five-person families after deducting the actual amount contributed to the mandatory provident fund.
As for six-person and 10-person households, the limits will be increased to between HK$42,730 and HK$63,990.
Meanwhile, the asset limits will range from HK$278,000 to HK$917,000 for one-person to 10-person households following the 1.9 percent increase.
“As the local economy is gradually recovering from the impacts brought by the
Covid-19 pandemic, and the livelihood of low-income families is still being seriously affected, the Subsidized Housing Committee considered that exceptional treatment continued to be justified in setting the 2023/24 PRH income limits,” a spokesman of the Housing Authority said.