The Housing Association extends the upper limit of merchant rent reduction by 75% for a period of half a year until March next year. Revenue is expected to decrease by 100 million

The new crown pneumonia epidemic has lasted for more than a year. The Hong Kong Housing Society announced today (17th) that it has once again extended the rent concession for commercial tenants with a ceiling of 75%. Nearly 400 eligible commercial tenants have benefited, which is nearly 100 tenants less than the current allowance. , And no longer include parking lot operators.

The discount will start on October 1 and last for 6 months until March 31 next year.

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The Hong Kong Housing Society announced that the Executive Committee has approved the further extension of rent concessions to nearly 400 eligible merchants under its jurisdiction, with a ceiling of 75%. The preferential period is from October 1 to March 31 next year for a period of six months.

The rent reduction arrangement this time will provide qualified merchants with a 50% rent discount. If the merchant’s sales fall by more than 50% compared with the same period last year, and the relevant financial evidence can be provided, the Housing Association will provide a percentage of the decrease. Corresponding to the additional rent reduction, the total amount of the reduction is capped at 75%.

In addition, if eligible businesses are forced to suspend business during the rent reduction period due to the government's anti-epidemic measures, they can also apply to the Housing Association for a full rent reduction or exemption during the suspension period.

The Housing Association has set aside more than 100 million yuan for this rent reduction measure.

Since October of the previous year, the Housing Association has introduced several rounds of rent concessions for its businesses. Together with this measure, it is expected that a total of more than 600 million yuan will be reduced in revenue.

The Housing Association continued its rent reduction measures.

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The Chairman of the Housing Society, Chen Jiale, visited the tenants of rental housing estates to continue to explore solutions to the housing needs of Hong Kong people. The Public Housing Association promotes the redevelopment of old housing estates. The 100 yuan cash coupon issued by the housing estate has been injected and an additional 200 yuan has been given to the housing association. The operating cost of the elderly housing in the city has increased by 2.8% since June.

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