It has happened all the MTR rail line from Lo Wu to Sha Tin and into the heart of the city. Living in Tai Po we see a drastic increase of mainland Chinese students and family newly residing here. This has forced some families with lower incomes into substandard housing such as illegal and subdivided flats.
- The Train to Purgatory (extantphotography.wordpress.com)
- Thanks to Chinese Students, Shatin’s Rental Surges by 30% (humanrightchild.wordpress.com)
- Immigrant students “converting” to take place of Hong Kong students. (humanrightchild.wordpress.com)
- An Angel in Canaan (sasorihk.wordpress.com)
18th July 2013
Thanks to Chinese Students, Shatin’s Rental Surges by 30%
Summer holiday has just begun, more students from mainland China are competing to rent properties in Hong Kong. A two bedrooms unit (gross area: 314 sq. ft.) at Grandeur Garden in Tai Wai was leased to a student from mainland China for US$1,800 a month, an average of US$6 per sq. ft., which is 30% more than market rate. The per sq. ft. rental price is the highest ever in Tai Wai. In order to secure the problem, this mainland China student paid a year’s rent up front, amounting to US$22,100.
The Riverpark, a newly completed development in Shatin, has been receiving keen rental interested. However, given the limited supply of units, the rental also rocketed. A high floor F unit at block 1 of The Riverpark which overlooks Che Kung Temple was leased at US$2,500…
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