To tie in with the Government's new round of relief measures announced by the Financial Secretary last month, the Hong Kong Housing Authority (HA)'s Commercial Properties Committee (CPC) today (Mar. 11) approved the further extension of the existing 75 per cent rent concession for the HA's eligible non-domestic tenants/licensees and carpark users for monthly parking of commercial vehicles for a further six months from Apr. 1 to Sept. 30, 2022.
The CPC also approved that during the extended rent concession period, eligible tenants/licensees of the HA's non-domestic premises may continue to apply for a 100 per cent rent concession for the period during which their operation at the premises concerned is required to be closed under anti-epidemic regulations or directions from the Government.
It is estimated that a total of around 10,400 of the HA's non-domestic tenants/licensees, including about 2,500 retail and 3,000 factory tenants/licensees, tenants/licensees of some 70 advertising signboards and some 40 tenancies of bus kiosks, as well as about 4,800 carpark users, will benefit from the extension of rent concessions.
The rent foregone for this extension of a 75 per cent rent concession for six months is estimated to be around HK$704 million.
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