Hong Kong task force on subdivided flats recommends tying rent increases to market index, capping raises at no more than 15 per cent

The landlords of nearly 100,000 subdivided Hong Kong flats will be subject to a new rental index under a proposed tenancy control bill designed to protect some of the city’s poorest residents, but the formula could still allow for rent increases of as much as 15 per cent, according to sources.

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