The government will take into account Hong Kong’s supply of public housing and other factors before imposing penalties on landlords who lease subdivided flats that do not meet a proposed tougher code, Deputy Financial Secretary Michael Wong Wai-lun has said. A day after delivering his policy address, Chief Executive John Lee Ka-chiu also said the…
Hongkongers under the age of 40 will be given an easier path to buy a subsidised home in the policy address to be unveiled on Wednesday, amid mounting concern about the city’s youth “lying flat” in a bid to get their own living space. Improving residents’ living conditions is expected to be a major focus…
About 30 per cent of Hongkongers would decline a pay rise to meet eligibility rules for public housing, a poll has found, while many of those who want to own a flat called for government subsidies as they can only afford a home that costs HK$3 million or less. The Federation of Public Housing Estates…