HK$3m for a 170 sq ft flat? Ex-chief executive proposes release of more land to ease Hong Kong's 'shocking' housing crunch

"It was shocking to me - a small flat to live in does have a negative effect on a person's dignity."
That was Our Hong Kong Foundation head Tung Chee-hwa's response when a woman told him she planned to buy a 170 sq ft home for more than HK$3 million for her family of three.
Tung, who was Hong Kong's first chief executive for eight years after the 1997 handover, yesterday spoke of his encounter with the woman last month when he was strolling on The Peak.
"I think people in Hong Kong are facing a difficult choice," he said. "Should we make sacrifices to have a more decent life?"
The foundation has proposed increasing land supply through five means: land reclamation outside the protected Victoria Harbour; turning over land from government and institutional use for homes; building new towns; removing red tape in town planning and development; and "thinking rationally and making wise decisions" about country parks and green belts.
Foundation researcher William Tsang Wai-him yesterday stopped short of saying homes should be built in green areas.