Hong Kong public housing tenants wait average of 5.8 years to get rental flats

“The impression because of fewer flats obtainable for allocation within the first three quarters of 2023 would proceed to be mirrored within the common ready time within the subsequent quarters.”

Among the many 13,700 flats the authority distributed final 12 months, 12,900 had been refurbished, with the bulk in city districts. It added that these candidates typically had waited longer, affecting the quarterly determine.

The authority final December was estimated to have produced 12,800 new public rental flats within the 2023-24 monetary 12 months. However the determine included delayed tasks, which the supplier additionally attributed to the rise within the common wait.

It highlighted the instance of the 819 flats in Lai Yiu Property, Kwai Chung. The resident consumption was delayed from the third to the ultimate quarter of final 12 months.

The venture was delayed after contractor Aggressive Building Firm needed to droop work in any respect of its websites involving tower crane operations after a deadly industrial incident in 2022 brought on by the collapse of 1.

The authority added the primary group of houses at Fu Tip Property in Tai Po ought to have been allotted within the final quarter of 2023, nevertheless it might solely begin within the first quarter of this 12 months. The venture will yield 6,776 flats in whole.

The most recent figures additionally confirmed the common ready time for particular person aged candidates had gone as much as 4 years from 3.9 years final September.

The authority mentioned 5,800 basic candidates had been allotted a flat within the final 12 months’s fourth quarter, together with 1,300 aged one-person households.

Round 180 houses had been additionally given to individuals aged under 58 on the time of software.

Town was processing about 129,400 basic requests, in addition to 92,300 from people aged under 58 by final December.

Hong Kong ‘mild public housing’ operator to be paid much less if occupancy too low

Chief Govt John Lee Ka-chiu pledged ready occasions wouldn’t be greater than six years as outlined the “mild public housing” scheme in his first coverage handle in 2022.

The sunshine public housing scheme was designed to create 30,000 government-built non permanent houses for households who’ve been on the ready listing for the standard public rental flat for at the least three years.

The non permanent flats can be accomplished in levels by the 2027-28 monetary 12 months and authorities mentioned it was hoped the scheme would reduce the wait time for everlasting and non permanent public rental houses to 4.5 years by 2026-27.

The authority’s subsidised housing committee additionally prompt elevating the asset limits for public rental housing candidates and tenants from the beginning of the brand new monetary 12 months in April.

It proposed elevating the cap by 3 per cent over the edge set for the current monetary 12 months. Limits are set in keeping with family measurement, with the bottom HK$278,000 and the very best HK$917,000 at current.

The committee can be contemplating a freeze on revenue limits for people and households of 4 and growing that for the remaining households. The rise was 2.1 per cent on common.

Funding inexperienced mild given to show Hong Kong police station into mediation workplace

If the adjustments are permitted, a three-person household will solely be eligible to use for a public rental flat in the event that they make HK$24,740 (US$3,161) monthly and the worth of their property is under HK$505,000.

Three-person households can even be required to vacate their houses if their revenue exceeds 5 occasions the restrict or their asset worth goes greater than 100 occasions of the revenue restrict.

These earning money amounting to between two and 5 occasions the restrict should pay extra hire.

The federal government has recognized adequate land for constructing 410,000 public flats over the following decade, about 100,000 greater than the estimated demand.

However two-thirds of the flats will solely be accomplished between 2029-30 and 2033-34.