Rents set for two new estates

September 24, 2024

The Housing Authority today said rents for 2,551 flats in four blocks of two new public rental housing estates will be set at the best rent level for their districts.

 

The best monthly rent in urban districts of $104.4 per sq m will apply to 1,088 flats in Kin Yan House and Moon Yan House of Hiu Yan Estate.

 

In Sheung Shui, the best monthly rent of $74 per sq m will apply to 1,463 flats in Fu Pak House and Kam Yuk House of Choi Shek Estate.

 

Under this rent-fixing exercise, rents for over 69% of the flats will be less than $2,500 a month.

 

The authority said the rents are heavily subsidised and inclusive of rates, management fees and maintenance costs.

 

It added that applicants who are allocated new flats but cannot afford the rents may request refurbished flats at lower rents or apply for assistance under the Rent Assistance Scheme.

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