International Director and Chief Executive of Greater China at Cushman & Wakefield
Latest from Chiu Kam-kuen
The conversion of vacant school sites could effectively relieve the shortage of public housing in the short term, writes Chiu Kam-kuen of Cushman & Wakefield
Hong Kong has the most expensive housing among developed countries and regions in the world. But real wages have hardly kept up with surging real-estate prices.
The government is considering setting up a so-called “smart” car parking system with 200 parking slots at the junction between Yen Chow Street and Tung Chau Street in Sham Shui Po.
While the government aims to improve the social mobility of Hong Kong’s youth, it is lamentable that they may have to live in temporary ‘pipe homes’, says Chiu Kam-kuen of Cushman & Wakefield
As the impact of vacancy tax on overall supply of residential units in Hong Kong is likely to be limited, the public and the government should discuss other feasible long-term solutions.
The government should adopt a multipronged approach and consider any option that can increase land supply to address the city’s housing shortage.
Industrial buildings will be allowed to be converted into short-term housing for a maximum five years
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