Hong Kong lowers proposed cap on rent rises for subdivided flats to 10 per cent

A proposed cap on rent increases for subdivided flats, home to some of Hong Kong’s poorest people, will be lowered from 15 per cent to 10 per cent in an amendment to a tenancy control bill authorities hope to pass next month.The government previously adopted all the recommendations of a task force that led a tenancy control study and which submitted its final report in March.These included tying rent increases for subdivided flats to a market index, capping rises at 15 per cent, and mandating a…

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