Hong Kong authorities will remove a significant barrier to renting out government-subsidised flats, starting in September. The Housing Authority approved a scheme waiving the land premium previously required for leasing these properties. This change aims to increase flexibility for owners of subsidised sale flats who wish to rent their units. Currently, owners face financial disincentives due to the land premium, discouraging them from offering their flats to the rental market. The move is expected to potentially increase housing supply and offer more rental options. Details of the scheme’s implementation will be announced shortly, according to officials.