Q & A with our experts, July 3, 2013
Q: I began renting a three-bedroom flat at Bel-Air in Cyberport with a car parking space for about HK$60,000 a month two years ago. My lease will expire in October. I hear there are more flats available for lease and rents are falling as property sales are not active.
I plan to renew the lease. By how much should I ask the flat owner to cut the rent?