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Hong Kong Housing Society raises public housing rent by 2.85%
๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong /Economy & Trade

Hong Kong Housing Society raises public housing rent by 2.85%

From Hong Kong Free Press · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Hong Kong Housing Society (HKHS) will increase public housing rent by 2.85% starting October 1.
  • The rent hike will affect low-income families by an average of HK$73 per month and higher-income families by HK$200.
  • Rents in new estates completed in the past two years will remain unchanged, while the Housing Authority also announced a 2.04% increase.

Public housing rents managed by the Hong Kong Housing Society (HKHS) will rise by 2.85% starting October 1, affecting tenants across the city. The new rates will be in effect for five years, until September 30, 2028.

For households in Group A, designated for low-income families, the average monthly rent increase will be approximately HK$73. Those in Group B, catering to families with relatively higher incomes, will see an average monthly increase of HK$200.

However, rents for units in new estates completed within the last two years, including Yue Ying Lau in Aberdeen, Eminence Tower 1 in Hung Shui Kiu, Sierra Tower in Fanling, and Avis Tower (Tower 1) in Ngau Tau Kok, will not change. This adjustment comes as the HKHS manages over 32,600 units across more than 20 estates, serving a significant portion of Hong Kong's population, where around 30% live in public rental housing.

This rent increase is notably lower than the 10% hike implemented in 2024 by both the HKHS and the Housing Authority, which manages a much larger portfolio of over 830,000 units. The Housing Authority also announced a 2.04% rent increase for its properties, effective October 1 for two years. Notably, rent increases for the first three months were waived for most households during the previous adjustment.

the new rent will be effective from October 1 this year to September 30, 2028.

โ€” Hong Kong Housing SocietyThe HKHS stated the new rent will be effective for a five-year period.
DistantNews Editorial

Originally published by Hong Kong Free Press. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.