The government yesterday (13th) proposed to revise the ceiling for rent renewal of subdivided housing, from 15% to 10%.
She Qingyun, the president of the Hong Kong Owners Association, criticized the government's perverse practices and interference in the market on a TV and TV program this morning (14), making the owners of subdivided houses reluctant to operate anymore, and they have also sold their flats.
He angrily denounced the current political environment of "who is big and evil, who is right." Parliamentarians and the government have turned property owners into "bad guys" and "sluts."
Zheng Yongshun: 10% margin is "barely reasonable"
She Qingyun said that the government's approach is "no eyesight", saying that the "2+2" death agreement arrangement is very inconvenient for the landlord. This amendment makes it even more obvious that the government is "favoring tenants."
He pointed out that the owners of subdivided houses are generally small owners rather than large owners. The units have worked hard to save money to buy back, but also have to bear the risks and maintenance expenses. He believes that the councillors "all have a halo on their heads", and together with the government, they have made subdivided owners into " "Bad people" and "sluts" describe the current situation as "who is big, who is evil, and who is right."
He said that he was "not interested in accompany your classmates to have seizures," and he has sold his own unit.
The Chairman of the Legislative Council's Bills Committee on Landlords and Tenants (Consolidation) (Amendment) Bill 2021, Cheng Yongshun, stated in the same program that the rents per square foot of subdivided houses are currently very high. Rent control protects both landlords and tenants, not just helping one party.
He pointed out that the reduction of the rent renewal ceiling to 10% is now calculated based on the rated property valuation index, and the rate is barely reasonable. The government should also try to gradually increase housing supply and reduce subdivided housing in the long run.
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Subdivided Housing Concern Organization: Some landlords take advantage of the window to increase rent
Deng Baoshan, the convener of the Hong Kong Subdivided Housing Platform, welcomed the relevant adjustments, saying that the initial proposal to limit the rent increase to 15% was "outrageous" and 10% was considered "relatively reasonable and moderate."
He mentioned that various district groups have recently received sporadic cases, and sub-divided house owners took advantage of the current "window period" before legislation to increase rents when renewing their contracts. He reiterated that the authorities should stipulate the "starting rent" in the rent control regulations. The authorities did not adopt the recommendations.
Deng Baoshan also believes that as long as the lease is still profitable, the landlord will not leave the premises, and the impact of sub-house rent management is not as serious as She Qingyun said.
Subdivided rent management | Subdivided tenants have been subject to a 10% increase in rent by the landlord. Group approval of the capping mechanism to move 5% off the land as a limited subdivided rent management | 15% capping mechanism is too high and the government concessions to lower the rent renewal ceiling to 10% Chang Sha Wan The monthly rent of a 140-sq-ft apartment is $6800, 1 bedroom and 1 living room claim to be suitable for a family of three. Netizens applaud mean
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