Sunday, October 26, 2014   

Public housing rentals may go up by 10pc
(07-02 18:34)

Rents for public housing tenants may increase by as much as 10 percent from September under the government's mechanism for adjusting rent.
A Housing Authority committee is expected to make a formal decision on Friday.
A 10 percent rise would see six out of 10 households pay HK$100 to HK$200 more per month.
While the committee has granted relief measures in the past to soften the blow of rental increases, sources have suggested this may change.
They noted that waiving rents for one month could enlarge the Housing Authority's deficit from an estimated HK$1.7 billion to HK$2.1 billion. --RTHK   
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