HongKong

Hong Kong rent could be waived for two months to ease impact of 10 per cent rise for public housing tenants




More than 750,000 families in Hong Kong public housing should get two months of free accommodation to soften the impact of a 10 per cent rent rise, the housing minister has said.The combination of the proposed waiver and the higher rent would see tenants paying 0.4 per cent more over the coming two years, amounting to an increase of between HK$2 and HK$21 a month. Average rent for the city’s public housing tenants is HK$2,072 (US$267) per month.“Having considered the local and global economic…



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