CONFIDENTIAL ##
For discussion
on 17th October 1978.
HKK 360/3
機密
XCC(78)79
Copy. No....!. of 80 Page 1
MEMORANDUM FOR EXECUTIVE COUNCIL
RECEIVED IN REGASTRY NO. 51 |
17 OCT 197 DOMESTIC RENT INCREASE FOR GROUP B
AND FORMER GOVERNMENT LOW COST
Action Ten
DESK OF CER INDEX
PA
пий
R
CLE
HOUSING ESTATES
The Housing Authority has recently agreed on a rent increase for all former Government Estates, (which comprise Resettlement and Low Cost Housing) involving some 292,000 tenancies, and, as has been the practice in the past, Honourable Members are invited to consider the matter with a view to support- ing the proposed increase.
C.S. 166
Proposed increase and its effects
2
It is proposed to raise rents by a flat rate of 9 cents a square foot from 1st December 1978. As before, the Authority considers it unnecessary to alter existing differentials of rents for the various types and ages of blocks in order to avoid unnecessary controversy, and because it would be extremely difficult to define reasons for further differentials.
3
The effect on tenants would be an increase in their average monthly expenditure of about 1.03%. In cash terms, 90% of tenants would have an increase of no more than $26 per month, and 50% of no more than $15 per month; with the highest increase of $47 being payable by only 18 flats. A comparison of existing and proposed rents for various types of flat is given below:
Present Monthly Rent
Size of Flat
Monthly Increase
New Rent per sq ft
Marks I/II
$33
120 sq ft
$11
36.7 cents
Mark III
$50
171 sq ft
$15
38.0 cents
Mark IV
$52
169 sq ft
$15
39.6 cents
Mark V
$55
176 sq ft
$16
40.3 cents
Mark VI
$83
238 sq ft
$21
43.7 cents
GLCH (Old Type)
(1963-66)
$81
204 sq ft
$18
48.5 cents
GLCH (New Type)
(1967-73) $103
234 sq ft
$21
53.0 cents
The least well-off tenants, who are on public assistance, would have their rent allowance automatically adjusted to meet the increase.
CONFIDENTIAL
機密
(15)
No comments yet.
Private notes are available after approval.