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Public rental housing to see 1.17pc rent increase
The Hong Kong Housing Authority will discuss increasing the public rental housing fees by 1.17 percent with a specific amount of HK$5 to HK$66 per month during the meeting of the Legislative Council Panel on Housing next Monday (August 8).
Besides, the Housing Authority will propose a remission for the increased rent amount each month during the first 12-month period after raising the housing rent.
According to the Housing Ordinance, the Housing Authority should review the rent of residential estates every two years and adjust the rent according to the income index. The rent should not be increased by over 10 percent.
It will be the sixth consecutive increase in public rental housing rent in the past 12 years from 2010 if the rent review is passed this year.
The rent adjustment mechanism for this year is to compare the average monthly household income of public rental housing households in 2019 and 2021.
If the income index for the second period is higher than it for the first period by more than 0.1 percent, the Housing Authority will increase the relevant rent by the rate of the increase of the income index or 10 percent, whichever is less.
According to the last adjustment of housing rent in 2020, public rental housing rent was adjusted upwards by 9.66 percent, with an average increase of HK$200 and a two-month rent waiver for tenants.
According to the Housing Ordinance, the Housing Authority should review the rent of residential estates every two years and adjust the rent according to the income index. The rent should not be increased by over 10 percent.
It will be the sixth consecutive increase in public rental housing rent in the past 12 years from 2010 if the rent review is passed this year.
The rent adjustment mechanism for this year is to compare the average monthly household income of public rental housing households in 2019 and 2021.
If the income index for the second period is higher than it for the first period by more than 0.1 percent, the Housing Authority will increase the relevant rent by the rate of the increase of the income index or 10 percent, whichever is less.
According to the last adjustment of housing rent in 2020, public rental housing rent was adjusted upwards by 9.66 percent, with an average increase of HK$200 and a two-month rent waiver for tenants.
