Hong Kong’s Public Rental Housing (PRH 公屋): As of March 2012, about 2.1 million people (30% of population) lived in PRH flats. PRH rent, inclusive of management and maintenance costs, is reviewed every two years and adjusted according to PRH household income. As of March 2012, PRH monthly rent ranged from HKD260 to HKD3,520. About 189,500 applicants are on waiting list and the waiting time is 2.6 years