The Housing Bureau has announced that income limits for living in public rental housing will remain unchanged for one- and four-person households in the 2024/25 fiscal year.
However, households with two, three, and five persons or more will see a slight increase in their income limits, ranging from HK$180 to HK$560.
These adjustments are based on household expenditure and have been proposed to the Legislative Council.
On average, the income limits are expected to increase by 2.1 percent.
The income limit will be held at HK$12,940 for singletons and HK$30,950 for four-person households.
For households with two, three, and five persons, the income limits will increase by HK$180, HK$320, and HK$560, respectively.
Larger households with six persons or more will see an increase ranging from HK$1,470 to HK$1,960.
The bureau has also proposed adjusting the asset limits for all household sizes in line with the consumer price index, which rose by 3 percent last year.
As a result, asset limits will be relaxed from HK$278,000 to HK$286,000 for singletons and from HK$573,000 to HK$590,000 for four-person households.
"We consider that these proposed income and asset limits for public rental housing have been determined through a well-established review mechanism and careful consideration," the bureau said.
"And the proposal to freeze the income limits for one-person and four-person households takes into account the current economic situation and should be generally acceptable to the public."
The adjustment will be discussed at the Housing Authority's subsidized housing committee meeting on March 22.
If the proposal is endorsed, the income and asset limits for well-off tenants, which are set at higher multiples of the public rental housing limits, will also be adjusted accordingly.
Under the "well-off tenants policies," those who have resided in public flats for 10 years have to declare income and assets every two years.
Those whose income exceeds the limit specified under well-off tenants policies are required to pay extra.
Tenants with income or assets exceeding five times and 100 times the public rental housing income limits, or who own properties, may be required to move out.
