Hong Kong MTR fares will increase by about 3 per cent in June, the city’s railway operator has announced. The MTR Corporation (MTRC) – Hong Kong’s only train services provider – announced the hike on Tuesday under a rate adjustment mechanism that takes into account the conglomerate’s property development profits. The government-controlled firm said the increase had considered public affordability as the fare adjustment was capped at 3.09 per cent, the equivalent to the change in median monthly household income in 2023. According to its fare adjustment mechanism, the price hike could have been …
