HONG KONG HOUSING AUTHORITY A⭑
PRESS RELEASE
新聞稿
Sunday, April 25, 1976
NO SUBSIDY FOR COMMERCIAL LETTINGS
The Housing Authority pointed out today that it is not its
policy to utilise taxpayers' money to subsidise commercial lettings
in public housing estates.
A spokesman for the Authority said it has been universally
accepted that no subsidies should go to such businesses which are
profit making concerns.
He was commenting on recent newspaper reports that some shop
tenants of Group A estates have complained of increased rents on
renewal of their agreements.
The shop tenants who are complaining applied for and were
allocated their present tenancies some years ago at nominal commercial
rents. All that is happening now is that their rents which have
been unchanged for three years are being brought up to current
market levels.
—
"There is no reason for the Authority to place them in a
more privileged position than their counterparts in the private sector,"
he added.
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