Average public housing wait time in Hong Kong rises to 5.6 years

    Average public housing wait time in Hong Kong rises to 5.6 years

    Hong Kong’s average waiting time for a public rental flat rose to 5.6 years as of December, marking an increase for three consecutive quarters, as the Housing Bureau attributed the increase to high demand for flats in urban areas. According to figures announced on Thursday, the latest average waiting time for general applicants – family…

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    Hong Kong plans 420,000 homes in next 10 years with 70:30 public-to-private split

    Hong Kong plans 420,000 homes in next 10 years with 70:30 public-to-private split

    Hong Kong aims to provide 420,000 homes with sufficient land supply over the next decade, maintaining a public-to-private housing ratio of 70:30, according to the latest government projections. This was disclosed as the government released its annual progress report on the long-term housing strategy on Tuesday, revealing it had secured sufficient land to supply 419,100…

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