Posted inHong Kong

Housing Authority to crack down on ‘super-rich’ public housing tenants

The Housing Authority’s Subsidised Housing Committee has passed a policy to tighten measures against well-off tenants occupying public housing units, chairman of the committee Stanley Wong Yuen-fai has announced. Stanley Wong Yuen-fai. Under the current policy, tenants are considered “super rich” if their monthly income is three times the limit and their total net assets 84 times the limit. They are required […]