Well-off tenants to pay more for public housing

The Subsidized Housing Committee of the Housing Authority has approved a tightening of the "Well-off Tenants Policies" for public rental housing, with the tenants required to pay more in rent.

Under the new changes, tenants with incomes between two to three times the limit will pay rent 2.5 times the standard rate. For those with incomes exceeding three times but less than four times the limit, the rent will be increased from 2 times the rent to 3.5 times. Most significantly, tenants earning between four to five times the limit will see them paying a rent 4.5 times the standard rate.

The new additional rent levels will take effect from the declaration cycle starting in October 2025, with the first batch of "well-off tenants" required to pay the new rates from October 1, 2026.