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Special Accounting︱Members questioned that the 15% ceiling on rent management is still too high. The government: too much constraint

2021-04-14T05:25:48.015Z

The Special Finance Committee of the Legislative Council discussed a number of different policy areas today (14). When discussing housing in the morning, many Members were concerned about issues such as subdivided rent control and transitional housing. Many Members are concerned about the newly completed research



Political situation

Written by: Zhou Lixi

2021-04-14 13:10

Last update date: 2021-04-14 13:13

The Special Finance Committee of the Legislative Council discussed a number of different policy areas today (14). When discussing housing in the morning, many Members were concerned about issues such as subdivided rent control and transitional housing.

Many parliamentarians are concerned about the newly completed study on the control of subdivided housing, and believe that the 15% ceiling proposed by the research team for rent increases is still too high.

The Administration responded that the research team studied the rent increase of the Rating and Valuation Department every two years and found that the rent increase can sometimes be very high, exceeding 30%. Therefore, the team believes that 15% is sometimes a lot of constraint.

Zheng Yongshun: 15% capping is unacceptable

The DAB Zheng Yongshun mentioned the control of subdivided housing rents, and he believed that there should be standard contracts and rent increase restrictions. He pointed out that there are more than 100,000 subdivided housing tenants in Hong Kong.

He questioned that the 15% ceiling was unacceptable, and he also believed that the bureau needs to protect against a substantial rent increase.

The Secretary for Transport and Housing, Chen Fan, responded that the whole society is concerned about the initial rent, the protection of tenancy rights, the method of charging, and even the protection of rent increases when the standard lease is renewed.

I listened very carefully to the opinions, and hoped to discuss it in the sub-divided rent control group at the end of April, and the introduction of the policy is to ensure that the grassroots housing is the first priority.

The Director of the Transport and Housing Bureau, Chen Jiaxin, said that the government is reviewing the report and will explain it to the Legislative Council task force later. However, it is mentioned that in the report, the rent increase of the Rating and Valuation Office is sometimes high, exceeding 30%, every two years. The subdivided housing needs to be controlled at 15%, so the team believes that 15% is sometimes a lot of constraints. In other words, in the "2+2" four-year lease period, only one rent increase is guaranteed.

Chen Fan: The authorities strictly regulate the sales of first-hand buildings

The New Democrat Party Chairman Ye Liu Shuyi questioned that the report of the research group on subdivided housing rent control still allows rent to increase by 15% in the next two years. It is too high, because the rent for subdivided housing is already too high. Is it more expensive than a luxury home? As we all know, it is measured by the price per square foot."

She pointed out that the relevant government work has been delayed for too long, and the owners of subdivided houses can now increase rents in advance.

Chen Fan responded that under the proposed two-year renewal of the standard tenancy agreement, they also heard the opinions of the community, emphasizing that the government team will listen carefully to the opinions of the community and the parliament, while the drafting of the relevant legislation is still in progress, and they hope to submit the motion documents to the Legislative Council as soon as possible. , Got everyone's support and approval.

The New Democrat Party Rong Haien asked about the regulation of the sales of first-hand properties. He asked the Sales Supervision Bureau whether the penalties would be reviewed. He pointed out that the current fines are very low, with tens of millions of buildings only fined tens of thousands.

Chen Jiaxin pointed out that the relevant punishment is decided by the court. They will appeal if they think it is too low, but they think that the publicity is enough. There have been only 11 cases in the past few years.

Zheng Yongshun mentioned the control of subdivided housing, and he believed that there should be standard contracts and rent increase restrictions. He pointed out that there are more than 100,000 subdivided housing tenants in Hong Kong.

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Source: hk1

All news articles on 2021-04-14

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