Hong Kong public housing eligibility rules set to be tightened
Housing Authority committee hears proposal that could see many well-off tenants forced out of their homes to make way for those with genuine need
More well-off public housing tenants would have to move out under a proposal aimed at giving priority to those with genuine need, according to a Housing Authority member.
At a brain-storming session on Monday, the authority’s subsidised housing committeesuggested tightening the policy relating to public flats.
Under the current system, well-off tenants are required to leave if their monthly income exceeds the public rental housing income limit by three times, and if their net assets exceed the income limit by 84 times.
Under the new proposal, tenants would only have to meet either criteria, but at a higher threshold.
For example, if a single person earned more than HK$54,850 a month, more than five times the income limit, or they owned assets worth more than HK$1,107,142, more than 100 times the income limit, they would have to leave.