Property News · March 1, 2022

Breaking old land monopoly in Hong Kong to resolve the city’s housing crisis


Hong Kong’s housing market has been the least affordable in the world for a decade, easily beating out London, New York, and San Francisco for this dubious distinction.Yet this housing crisis is a paradox of housing scarcity amid plenty of land. Only 3.8 per cent of Hong Kong’s land is used for private (2.3 per cent) and public (1.5 per cent) residential uses, whereas 3.2 per cent is for “rural settlement” and 1.5 per cent for warehouses and storage, not to mention 75 per cent has been used for…

Source : South China Morning Post
Read more…Breaking old land monopoly in Hong Kong to resolve the city’s housing crisis

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