Hong Kong Implements Rent Increase for Public Housing to Support Programs for the Needy
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#664879c2 ver:0.32

Hong Kong implements rent increase for public housing to support programs for the needy. Despite challenges in the retail market, there's a modest recovery in shop rents. Hong Kong's economy projected to slow to 1.7% in Q2 due to high interest rates. Surge in home sales in 2024, but lack of interest rate cut may dampen the market. Singapore plans to release most private housing supply since 2013. Mumbai leads Indian cities in prime residential prices. Hong Kong government decides not to sell commercial land in Q2 to stabilize the market. Hong Kong Housing Authority implements rent review mechanism with a 10% cap on increases. Spot checks on public housing applicants to prevent abuse. #HongKong #housing #economy #Singapore #India #property...

#newstr #HongKong #PublicHousing #MainlandPropertyOwnership #HousingDirector #SpotChecks 

 https://here.news/story/664879c2?ver=0.32