Over 69% of new public rental flats priced under $2,500 

The authority said the rents are heavily subsidised and inclusive of rates.

The Housing Authority (HA) announced that the rents for 2,551 flats across four blocks in two newly developed public rental housing estates will be set at the optimal rent level for their districts.

The best monthly rent in urban districts of $104.4 per sq m will apply to 1,088 flats in Kin Yan House and Moon Yan House of Hiu Yan Estate.

In Sheung Shui, the best monthly rent of $74 per sq m will apply to 1,463 flats in Fu Pak House and Kam Yuk House of Choi Shek Estate.

Under this rent-fixing exercise, rents for over 69% of the flats will be less than $2,500 a month.

The authority said the rents are heavily subsidised and inclusive of rates, management fees, and maintenance costs.

They added that applicants who are allocated new flats but cannot afford the rent may request refurbished flats at lower rents or apply for assistance under the Rent Assistance Scheme.