Live | Nearly 10% of Public Housing Adversity to Increase Rent

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Written by: Wang Jieen

2020-07-28 16:24

The Housing Authority proposed earlier this year to increase rents by 9.66% according to the mechanism, which will take effect on September 1. The Secretary of Transport and Housing, Chen Fan, later suggested that public housing tenants could be provided with a two-month rent concession.

The Housing Authority's Subsidized Housing Subcommittee met today (28th) to discuss. A member of the subcommittee Yin Siu-kin said that at the meeting, it has been passed in September this year and September 2021 to waive one month's rent for public housing tenants.

The Housing Authority’s Subsidized Housing Subcommittee met today to discuss the issue. A member of the subcommittee Yin Siu Kin said that the two-month rent exemption had been approved at the meeting. (Photo by Ou Jiale)

Yin Zhaojian pointed out that without a negative vote, the meeting unanimously approved a two-month rent-free policy. The rent-free arrangement will be carried out twice. In September this year and September 2021, public housing tenants will be waived for one month's rent.

The rent-free arrangement will cover the net rent of the well-off public housing tenants, but the tenants will still need to pay the additional rent and rates.

Yin Zhaojian also pointed out that the public housing rent review mechanism is flawed and fails to reflect the reversal of market conditions. One more "check" should be added. The household income data of the previous quarter should be compared with the average of the past two years to examine whether there has been a sharp reversal. , Otherwise you can consider rent reduction, the department claims that it will consider the plan.

Prior to the meeting, Zhao Guowei, a member of the Housing Authority and the Director-General of the Public Housing Association, submitted a letter suggesting that all public housing tenants be fully rent-free for two months to offset the pressure of rent increase, including wealthy families in public housing, and urged the authorities Comprehensively review the public housing rent adjustment mechanism and improve the rent assistance scheme to add more levels of rent relief.

The Housing Authority Subsidized Housing Group met today to discuss public housing rent adjustments. (Profile picture)

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