Wednesday 24 October 2018
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3 months ago

Hong Kong housing lottery sees six families vie for each rental flat in Yue Kwong Chuen development

The cost of renting an 860 sq ft flat in Wan Chai has almost tripled in a just a few years for Season Au Yeung, from HK$6,000 to HK$17,000 a month. While he and his wife now live with his parents and sister, he thinks it would be better if his family lives on their own and the couple downgrades to a smaller flat. On Friday, Au Yeung joined the pool of 1,340 households vying for one of 200 rental flats on Hong Kong Island for poor families that have already spent three years in the...

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