Property News · February 7, 2018

Hong Kong’s housing shortage is not one of needs but of aspirations


Increasing land supply will not be enough to solve Hong Kong’s housing crisis if more subsidised flats are not built, property experts said yesterday…
SCMP February 6
Let me acquaint you with an anomaly that sits at the heart of our housing difficulties. It suggests that subsidies do not make things better.
As the first chart shows, in June 2003 the total stock of public rental housing (PRH) flats stood at 664,000 units. The total number of occupants was 2.2 million.
Shift forward to…

Source : South China Morning Post
Read more…Hong Kong’s housing shortage is not one of needs but of aspirations