The government points out the number of points

The Secretary for Transport and Transport has proposed that the subsidy should be rented to the public housing estates. This idea is quite avant-garde, because the alteration of the Tang House is certainly faster than building a house.

However, the problem is not much supply Tang, relatively large waiting for the number, like a drop in the bucket.

In fact, there are no precedents for the operation of the property premises. For example, the Tang House, which is a blue house, yellow house and orange house in the past 90 years, has been redeveloped by the Government in the early years. By the St. James Group leasing, in February this year, pushing 12 units, the area from 361 to 880 square feet, reference Wan Chai District last year Tanglou market value of rent, and then to 8% of the rental, the results set per foot rent 32 to 36 Yuan, the monthly rent from 12,000 to 32,000 yuan.

Compared to the rents of private buildings in the same district, the rents of the Tang House are indeed attractive. For example, there is a 337 sq ft and fine flats in the building (1966) in Sheffield Road, rented at a monthly rate of $ 17,000 The And the Government will be allowed to rent the waiting list of the public, the discount rate will certainly be greater, I believe will attract a lot of tenants to apply.

However, the biggest problem is how much of the appropriate square office units to allow social enterprises to develop? Like the blue house of this title complete Tang unit can not be met, and social enterprises have to set aside some units to the indigenous residents, you can launch the market very few units; the Government to buy old buildings in the market, in fact, is not easy, For example, a total of about 760 square feet of units is available for purchase by investors, with a purchase price of $ 12.16 million, an increase of 5.1 times from the purchase price of $ 2 million in January 2015.

It is never cheap to follow the rules

Even if the Government is willing to lease in the market, the right to rent Tanglou units, the conversion fee is not cheap. A Wan Chai District investors revealed that last year will invest nearly 900,000 yuan to transform a Causeway Bay Tang floor units, the whole house to replace the hose and aluminum windows, etc., to set up independent kitchen and toilet furniture, electrical appliances, each room An area of ​​170 square feet, the cost of about 14 million (monthly $ 9,800 yuan); even if the Government does not join the furniture electrical rental, it is estimated that the most cost of 10 million, because the government must be modified with the fire regulations, the cost involved More expensive.

The Wanchai district investors also pointed out that the current Causeway Bay, Wan Chai is also very popular class near the Secretary for the Secretary for the concept of the two landlords in the market low-cost leasing units converted suites high rental, due to more expensive conversion costs, two landlords in general Ask the owner to sign a lease for 5 to 10 years. A monthly rent of 10,000 yuan of the room, the second floor of the landlord up to 4,000 yuan leasing, the monthly rental book earn 6,000 yuan, and even decoration period of 3 to 5 months satisfied that rent, at least 2 and a half years to recover 14 million yuan fee. The Government subsidizes the waiting public housing public to rent half of the market rent, that is, the Government should rent at least five years before returning to this.

More than 270,000 public housing applications are relieved

In fact, today’s rents are not easy for the Government to rent the Tang House. According to one of the most popular rental properties in the market, only 8 units in the Hong Kong Island are put on a monthly basis. The monthly rent is $ 4,800 to $ 17,000. The unit is located in Kennedy Town, an area of ​​578 square feet, original 4 rooms, monthly rent 14,500 yuan.

The Secretary for Transport has indeed indicated that it has been negotiated with property owners, non-governmental organizations and charitable organizations. Even the architects have provided him with initial plans for the flats, but they have not reached an agreement.

According to the Housing Authority, as at the end of March this year, there were about 275,900 applications for Waiting List, and the average waiting time for average family applicants was 4.6 years. How much resources will be put in order to relieve the waiting figures? Really want to wait and see.