Hong Kong’s subdivided flat tenants welcome task force call to keep rents under control, but are not sure how the system will work

Mar 31, 2021 | INVESTING

Tenants of Hong Kong’s subdivided flats have welcomed the idea of keeping their rent levels under control, but say they struggle to understand how the mechanism will work and feel a maximum rent increase of 15 per cent is too high.Housewife Ho Mei-ying, 34, lives with her family of four in a 100 sq ft subdivided flat on the eighth floor of a walk-up building in Cheung Sha Wan. They currently pay HK$4,100 (US$527) per month, including HK$3,400 in rent and about HK$700 for utilities.The four…

Read More

Pin It on Pinterest