Landlords of Hong Kong’s subdivided flats could still raise rent by up to 15 per cent under new tenancy control bill

The landlords of nearly 100,000 subdivided Hong Kong flats will be subject to a new rental index under a proposed tenancy control bill designed to protect some of the city’s poorest residents, but the formula could still allow for rent increases of as much as 15 per cent, according to sources.The index is also not expected to take inflation or affordability into account as previously suggested. The exact formula will be set out on Wednesday when the proposal is officially unveiled.Critics have…

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