The per capita living area of ​​the subdivided houses is only 48 feet, such as a table tennis table.

The problem of subdivided housing in Hong Kong is serious. The local subdivided housing platform announced today (14th) that the latest subdivided housing rent index is 407. Although it has fallen by 8% from 2019, it is still less than the 10% drop in the private housing market over the same period. Housing rents are still "outperforming private housing."

In addition, the survey also revealed that the latest sub-divided housing per capita living area is only 48 feet, equivalent to a table tennis table, the lowest survey in recent years.

The platform said that the above data reflects the situation in October last year. It is estimated that the rent will be reduced due to the impact of the epidemic.

However, the subdivided housing rent control will be implemented next year. Recently, some landlords have begun to increase rents first. It is expected that the subdivided housing rents will rise again against the market.

The latest sub-divided housing rental index released by the Hong Kong-wide attention subdivided housing platform, although it is down 8% from 2019, is still less than the 10% drop in the private housing market.

(Photo by Wang Jieen

The study was conducted from June to October, and a total of 60 samples of subdivided housing from different regions were collected.

The data shows that this year's subdivided housing rent index is 407, a decrease of 8% from 443 in 2019. However, Su Zhiming, a staff member of the Hong Kong Subdivided Housing Platform, said that although the rental market has fallen under the epidemic, private residential rents in the past two years The composite index fell by 10%, reflecting that the current decline in rents for subdivided housing is less than the general environment.

The per capita living area is the smallest in history, and the rent is approaching newly completed private buildings

In addition, the study found that the average area of ​​the latest sub-divided houses was only 107 feet, a decrease of about 19% compared to 2019, and the per capita living area was only 48 feet, equivalent to a table tennis table, which was the lowest in previous surveys.

The rent per square foot of the subdivided houses is as high as RMB 47, which is close to the rent level of newly built private buildings in the urban area.

The Hong Kong Concerned Subdivided Housing Platform stated that although the subdivided rent control will be implemented next year, some landlords have recently begun to increase rents first.

(Photo by Wang Jieen)

Rental income is 128% higher than the original rateable value

The results of the study also showed that the rent received by the landlord after the unit was divided into multiple sub-districts was 128% higher than the original rateable value of the unit, which was twice as high as that of the complete unit.

The platform believes that the results reflect that the landlord earns huge profits by operating the subdivided housing, but the rent is not directly proportional to the quality. Therefore, it is recommended that the "initial rent" for the subdivided rent management must be set, and the rent should not be higher than 150% of the unit’s rateable value. .

Ms. Zhu (third from left), a subdivided household, has seen a sharp decline in income due to the epidemic, but her expenses have increased unabated.

(Photo by Wang Jieen)

Children attend classes in the corner of the sub-district room

Ms. Zhu, who lives in a sub-divided house on Hong Kong Island, said that due to the epidemic, she can no longer work part-time, and her children have to take online classes. Therefore, although her income has decreased, her expenses such as electricity bills have increased.

She also said that due to the limited space in the home, the two children can only have classes in the corners. However, because the work unit is "single four", the traffic will be divided by neighbors when surfing the Internet, so the Internet speed is very slow and it is more often disconnected. String.

Another sub-household tenant, Ms. Huang, also pointed out that she has been waiting for public housing for about 8 years. She originally lived in a 50-foot sub-unit in Kwai Chung, but the lease was full in July, so she could only move to a flat in Mong Kok.

However, the Mong Kok unit does not have a lease, so I am worried that it will not be protected when the lease control is implemented in the future.

Since Ms. Huang is single, the pilot cash allowance scheme launched by the government earlier will not benefit.

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Some owners asked to sign a four-year death contract

Lai Jianguo, a member of the Hong Kong Subdivided Housing Platform, said that the current subdivided rent management has not yet been implemented. During the window period before the implementation, many landlords have taken the lead in increasing rents, and some units have rents increased by at least 200 to 300 yuan. Some subdivided house owners require tenants to sign a four-year death agreement. Therefore, even if the subdivided rent control is implemented next year, the tenants will not benefit and may be overcharged for utility bills in the future.

He hopes that the government can promise to set up a "starting rent" within two years, and that the government can clarify as soon as possible the supervision of existing leases by the subdivided rent control, so as to avoid the lack of protection for tenants after the implementation of the law.

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