2024-25 – Charm – Daily News

Wait time for Hong Kong public rental flat still at 5.3 years, but applications plummet

Cs news2 months ago02 mins

The average waiting time for a Hong Kong public rental flat remained at 5.3 years in the first quarter of 2025 amid a significant drop in application numbers, which authorities attributed to fresh supply and higher turnover of homes in the city. The city’s largest public housing provider, the Housing Authority, also revealed on Wednesday…

Hong Kong government deficit to balloon to HK$100 billion in 2024-25: Paul Chan

Cs news8 months ago02 mins

Hong Kong’s deficit will more than double to HK$100 billion (US$12.8 billion) in the 2024-25 financial year from the HK$48 billion forecast the previous year, the finance chief has said, with the city feeling the pinch from a property slump and weakened corporate performance. At a meeting of the Legislative Council’s financial affairs panel on…