Hong Kong Public Housing Rent Increase by 2.85%
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Insights by Echo AI
The Hong Kong Housing Society (HKHS) has announced a 2.85% increase in rent for public housing units under its management, effective from October 1, 2023, until September 30, 2028. Low-income families (Group A) will see an average monthly increase of HK$73, while relatively higher income families (Group B) will pay an additional HK$200 per month. New estates completed in the past two years will not be affected by this rent review. This increase follows a 10% rent hike in 2024, with the first three months' increases waived for most households. Around 30% of Hong Kong's population resides in public rental housing.
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