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  1. Comment - Insight & Opinion

    Lack of affordable housing is behind the Fa Yuen tragedy

    Posted Aug 31st 2012, 12:00am

    ... units across the territory. The problem goes back to an inadequate supply of affordable housing. No one will go against common sense to live in a death trap if there is a choice. That subdivided ...

  2. Affordable housing tests Beijing's mettle

    Posted Mar 15th 2011, 12:00am by Staff Reporter

    ... a target of 10 million, which raises the question of how it can possibly achieve it, given that it lacks direct control over most spending on the affordable housing programme. Beijing's answer ... affluence has to be seen against the background of urbanisation. Counting migrants and new entrants to the workforce, more than 20 million people a year need new, affordable housing in addition ...

  3. More public housing the key to affordable property

    Posted Feb 02nd 2011, 12:00am by Albert Chen, Albert Cheng

    ... called the 'gold standard' for assessing housing affordability, says the city's homes are 'severely unaffordable'. According to Demographia's international housing affordability survey, Hong Kong has the most unaffordable housing compared with major metropolitan areas in the US, Britain, Australia, Canada, Ireland and New Zealand. The study rates housing ...

  4. Take HK housing affordability surveys with a big pinch of salt

    Posted Feb 01st 2011, 12:00am by Tom Holland

    ... with Tom Holland For the past week, the news pages of the South China Morning Post have been peppered with stories about how Hong Kong has the least affordable housing market in the world. ... headlines, readers should take these affordability surveys with a hefty pinch of salt. That is not to say Hong Kong property is cheap. Far from it. Housing in Hong Kong is eye-wateringly expensive. ...

  5. Affordable housing a daunting challenge

    Posted Jun 22nd 2010, 12:00am by Staff Reporter

    ... the background of urbanisation. Counting migrants and new entrants to the workforce, more than 20 million people a year need new, affordable, housing, on top of those already shut out of the market. ... in history, people have to be housed if cities are not to be blighted by slums. Affordable housing is a critical issue in any country- but even more so in one that is developing as rapidly as China. ...

  6. Hybrid housing an affordable alternative

    Posted Jul 19th 2010, 12:00am by Gary Cheung

    ... to an ongoing study by the Bauhinia Foundation Research Centre, this hybrid model might be the answer to the thorny issue of providing affordable housing to people who are not eligible to apply ... schemes in Britain, a homebuyer can buy as little as a 25 per cent share in his flat and a housing association buys the rest. The buyer pays rent set at an affordable rate, in most cases 3 per ...

  7. Housing in Beijing less affordable than world standards

    Posted Dec 23rd 2006, 12:00am by Staff Reporter

    ... Irene Wang Housing in Beijing is much less affordable than international standards, with an ever-widening gap between home prices and incomes, according to a survey. Beijing-based real estate agency Home Link Group says the ratio between house prices and local incomes- a key indicator of affordability- is 9.4:1, compared to 3:1 in the United States and 4:1 in Japan. Before Hong ...

  8. Pledge to build 10m cheap homes

    Posted Mar 10th 2011, 12:00am by Ed Zhang

    ... affordable homes. However, despite public scepticism about the government's ability to deliver on its affordable housing programme, Qi insisted the provision of subsidised housing would surpass ... the mainland's affordable housing programme would cover 20 per cent of urban households, compared to less than 8 per cent at present, he added. The government claims that nearly 90 per cent ...

  9. Affordable homes

    Posted May 17th 2011, 12:00am

    ... Keith Chan Public Rental Housing is a key scheme pioneered by Chongqing to provide affordable homes for the middle to lower income groups. The mainland has been providing cheap homes ... month. Under the plan, Chongqing agreed to build 13 million square metres of Public Rental Housing each year from 2010 to 2012. The goal is to provide 40 million square metres of housing ...

  10. Local officials urged to implement price-control policies for housing

    Posted Mar 15th 2011, 12:00am by Celine Sun

    ... affordable housing programme covers several schemes, including subsidised rental flats, government-owned rental flats, market flats with price caps and relocation flats for residents of slums in old ... Celine Sun Premier Wen Jiabao urged local officials to play their part in curbing rocketing housing prices and implement tightening policies launched by the central government. ...




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