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Housing Authority sets rents for new blocks of new and existing public rental housing estates
The following is issued on behalf of the Hong Kong Housing Authority:
     Rents for a total of 3 943 flats in five new non-standard blocks of two new and two existing public rental housing (PRH) estates under the Hong Kong Housing Authority (HA) will be set at the best rent level in their respective districts. The best rent level of a respective district is expressed in terms of dollars per square metre of internal floor area and determined with reference to the location and comparable value of the estates concerned.
     The best rent at $94.90 per square metre per month for the flats in Urban district will apply to 924 flats in Nga Tin House of Pak Tin Estate.
     The best rent at $91.80 per square metre per month for the flats in Tsing Yi district will apply to 1 463 flats in Ching Ho House and Ching Lan House of Cheung Ching Estate.
     The best rent at $63.10 per square metre per month for the flats in Tuen Mun district will apply to 684 flats in Yip Wo House of Yip Wong Estate and 872 flats in Hin Fat House of Hin Fat Estate.
     "Under this rent-fixing exercise, over 78 per cent of the flats are set at a rent level below $2,500 per month," a spokesman for the HA said today (March 31), 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. They may also apply for assistance under the Rent Assistance Scheme for flats in older block types where applicable," the spokesman added.
Ends/Friday, March 31, 2023
Issued at HKT 14:25
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