The income and asset limits for the public rental housing waiting list will be raised by an average of 1.2% and 2.5% for 2010-11 from April 1, the Housing Authority says.

Its Subsidised Housing Committee endorsed the adjustment today. The income limit for four-person households will increase from $15,800 to $16,070 and the asset limit will go up from $375,000 to $384,000.

The new set of income and asset limits will take effect on April 1. It is estimated that 119,000 non-owner occupied households in the private sector will be eligible for public rental housing.

Click here for the income and asset limits for respective household sizes.