Tag Archives: China

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Housing Authority fixes rents for new blocks of new and existing PRH estates

The following is issued on behalf of the Hong Kong Housing Authority:

     Rents for 10 445 flats, tentatively scheduled for completion between July and December 2021, of nine non-standard blocks at a Hong Kong Housing Authority (HA) new public rental housing (PRH) estate and two existing PRH estates will be set at the best rent levels in their respective districts.
 
     The best rent at $93.80 per square metre per month for the flats in the Urban District will apply to 1 040 flats in Hoi Shing House of Hoi Tat Estate.
 
     The best rent at $90.70 per sq m per month for the flats in Kwai Chung District will apply to 540 flats in Heng King House of Lai King Estate.
 
     The best rent at $66.50 per sq m per month for the flats in Fanling District will apply to 8 865 flats in Wong Yet House, Wong Yi House, Wong Shun House, Wong Sheng House, Wong Wui House, Wong Lok House and Wong Ching House of Queens Hill Estate (Queen’s Hill, Fanling).
 
     “Under this rent-fixing exercise, over 91.6 per cent of the flats are set at a rent level below $2,500 per month,” a spokesman for the HA said today (June 11), adding that PRH rents, which are inclusive of rates, management fees and maintenance costs, are heavily subsidised.
 
     “PRH applicants who are allocated new flats but cannot afford the rents may request refurbished flats at lower rents, and they may also apply for assistance under the Rent Assistance Scheme for flats in older block types where applicable,” the spokesman added. read more

East Asia

US Dollar Liquidity Facility tender notice

The following is issued on behalf of the Hong Kong Monetary Authority:

     US Dollar Liquidity Facility tender notice:
 

Tender date : June 16, 2021 (Wednesday)
Tender submission time : 9am to noon
Settlement date : June 17, 2021 (Thursday)
Repayment date : June 24, 2021 (Thursday)
Tenor : Seven days
Amount on offer : US$10,000 Million

Note: Licensed Banks interested in participating in the tender for the first time are encouraged to provide US dollar settlement instructions by email (settlementsection@hkma.gov.hk) to the Hong Kong Monetary Authority’s Settlement Team in advance, preferably two days prior to the tender. Required information includes name of corresponding bank, name of final beneficiary (must be the Licensed Bank participating in the tender), and account or CHIPS number of a US dollar bank account to be settled in the United States. Such information needs to be provided once only, unless there is further change. read more

East Asia