Housing in Hong Kong is inexpensive or rent-free! Seriously? Well, a lot of it is - the homes for almost a third of the population. The city has a huge government housing program, and an ambitious new administration is going to make it grow faster than ever. Andrew Lam reports.
HONG KONG’S NEW GOVERNMENT is…
CUMBERSOME PROCEDURES in town planning are a key factor exacerbating Hong Kong’s housing shortage. At present, it takes at least 10 years to transform a plot of land into an apartment block. There are numerous stages to go through, from preliminary town planning, to transformation of the land into “spade-ready” sites, to completion of flat…