PUBLIC HOUSING IN HONG KONG

In the Year 2014 In Hong Kong:

 

The average domestic household size of public permanent housing is aound 3 people.

 

According to the Housing Authority, the income limit for household of such a size to apply for a PRH flat is $21,050.

 

The number of household meets the the requirement is about  846,000.

 

At the time the stock of public rental housing is 782,000.

 

The waiting time for the general applicants housed to HA PRH was  3.0 years.

 

The average living space per person in a PRH unit is 13 sq.m

 

The average rent per month on the Hong Kong Island is 50 hkd/sq.m.  With a flat as large as 13*3=39 sq.m, the rent per month is $1,950.

 

At the same time, the rent for a private flat of the same size on the island is $13,377.

 

For a household of 3 people which just excceds the income limit, they have $7,673 left per month.

 

On Hong Kong Island, a 39 sq.m private flat costs $4,914,000.

 

For the household with a income $21,050 per month, it takes them19.5 years without any expenditure.