{"id":79216,"date":"2018-02-07T17:37:08","date_gmt":"2018-02-07T10:37:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-housing-shortage-is-not-one-of-needs-but-of-aspirations\/"},"modified":"2018-02-07T18:05:45","modified_gmt":"2018-02-07T11:05:45","slug":"hong-kongs-housing-shortage-is-not-one-of-needs-but-of-aspirations","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-housing-shortage-is-not-one-of-needs-but-of-aspirations\/","title":{"rendered":"Hong Kong\u2019s housing shortage is not one of needs but of aspirations"},"content":{"rendered":"


\nIncreasing land supply will not be enough to solve Hong Kong\u2019s housing crisis if more subsidised flats are not built, property experts said yesterday…
\nSCMP February 6
\nLet me acquaint you with an anomaly that sits at the heart of our housing difficulties. It suggests that subsidies do not make things better.
\nAs 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.
\nShift forward to…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s housing shortage is not one of needs but of aspirations<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Increasing land supply will not be enough to solve Hong Kong\u2019s housing crisis if more...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-79216","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-kBG","jetpack-related-posts":[{"id":106135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vacancy-tax-is-a-short-term-solution-to-hong-kongs-long-term-housing-shortage-crisis\/","url_meta":{"origin":79216,"position":0},"title":"Vacancy tax is a short-term solution to Hong Kong\u2019s long-term housing shortage crisis","date":"April 16, 2019","format":false,"excerpt":"\r The Hong Kong government plans to introduce a vacancy tax on empty new flats to pry open supply bottlenecks by imposing fines on developers for hoarding new homes. Under the proposed legislation, a tax equivalent to twice the estimated annual rental value will be levied on flats that remain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-offers-421-flats-in-kennedy-town-and-central-for-rent-offering-help-to-ease-housing-shortage-as-vacancy-tax-kicks-in\/","url_meta":{"origin":79216,"position":1},"title":"Sun Hung Kai offers 421 flats in Kennedy Town and Central for rent, offering help to ease housing shortage as vacancy tax kicks in","date":"December 5, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s largest developer, is offering 421 flats for lease with terms as short as one month to cater for the younger population ahead of the impending vacancy tax to stop developers hoarding empty units.The apartments are located in Kennedy Town in the western district\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127583,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-chief-executive-john-lee-must-streamline-planning-process-boost-transitional-homes-to-address-hong-kongs-housing-crisis-experts-say\/","url_meta":{"origin":79216,"position":2},"title":"New Chief Executive, John Lee, must streamline planning process, boost transitional homes to address Hong Kong\u2019s housing crisis, experts say","date":"July 6, 2022","format":false,"excerpt":"\r Industry experts are calling on Chief Executive John Lee Ka-chiu to speed up the building of transitional housing, streamline the planning process, and relax curbs on reselling as short-term measures to address a chronic shortage of flats.\r \r Source : South China Morning Post\r Read more...New Chief Executive, John\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126316,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-plans-to-build-9940-flats-at-yuen-longs-tam-mei-wetlands-in-one-of-hong-kongs-biggest-mass-housing-projects\/","url_meta":{"origin":79216,"position":3},"title":"Sun Hung Kai plans to build 9,940 flats at Yuen Long\u2019s Tam Mei wetlands in one of Hong Kong\u2019s biggest mass housing projects","date":"May 6, 2022","format":false,"excerpt":"\r The number of flats planned, equal to Hong Kong\u2019s total home sales in the first seven months of 2021, is about the size of Whampoa Garden in Hung Hom, making it one of the city\u2019s largest residential communities.\r \r Source : South China Morning Post\r Read more...Sun Hung Kai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121261,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-mass-housing-rental-market-picks-up-as-mainland-chinese-students-snap-up-even-haunted-flats\/","url_meta":{"origin":79216,"position":4},"title":"Hong Kong\u2019s mass-housing rental market picks up as mainland Chinese students snap up even haunted flats","date":"August 5, 2021","format":false,"excerpt":"\r Activity in Hong Kong\u2019s mass-housing rental market is picking up thanks to mainland Chinese students who are returning to the city after a gap of a year, as universities resume classroom lectures next month.Market observers said that many of the mainland students will be arriving in the city earlier\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/victor-lis-ck-asset-wants-to-help-ease-hong-kongs-housing-crisis-by-squeezing-more-flats-into-its-projects\/","url_meta":{"origin":79216,"position":5},"title":"Victor Li\u2019s CK Asset wants to help ease Hong Kong\u2019s housing crisis by squeezing more flats into its projects","date":"October 26, 2018","format":false,"excerpt":"\r CK Asset Holdings, the flagship developer of tycoon Li Ka-shing, believes it can help solve the housing crisis which has pushed Hong Kong\u2019s property prices into the record books. The city\u2019s second largest developer by market capitalisation says allowing it to build more apartments at its residential projects in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79216"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=79216"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79216\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=79216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=79216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=79216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}