Residential property

Only two sites – both in Kai Tak – were sold under the scheme. They will provide only about 1,145 flats. Photo: Sam Tsang

Flats for Hongkongers scheme a failure

When the Hong Kong government said last week there was no urgency to continue the “Hong Kong property for Hong Kong people” scheme, it was tantamount to saying the initiative – introduced in 2012 to reserve selected new homes for the city’s residents – was a failure.

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