Public market stalls to see rental hike
(01-02 19:36)
The Food and Environmental Hygiene Department recommended to raise rents for stalls in government run markets, after freezing hikes for 14 years.
The department will adjust rents according to inflation over the past three years, and adjustments will be made every three years.
The hike will not exceed 5 percentage points and will stay lower than market rates, FEHD said.
Tenants of more than 70 percent of public market stalls are paying a maximum of HK$3,000 every month. Taking an average of CPI(A) between 2009 and 2011 as a reference, the hike will be as much as HK$87.
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