The waiting list for public housing in Hong Kong has grown longer in recent years, with 284,000 applications now pending. Photo: Photo: K. Y. Cheng The waiting list for public housing in Hong Kong has grown longer in recent years, with 284,000 applications now pending. Photo: Photo: K. Y. Cheng
The waiting list for public housing in Hong Kong has grown longer in recent years, with 284,000 applications now pending. Photo: Photo: K. Y. Cheng
Richard Wong
Opinion

Opinion

The View by Richard Wong

Demand for welfare housing in Hong Kong keeps rising … and we should beware

Building more public housing gives rise to the paradox of Say’s Law: supply creates its own demand

The waiting list for public housing in Hong Kong has grown longer in recent years, with 284,000 applications now pending. Photo: Photo: K. Y. Cheng The waiting list for public housing in Hong Kong has grown longer in recent years, with 284,000 applications now pending. Photo: Photo: K. Y. Cheng
The waiting list for public housing in Hong Kong has grown longer in recent years, with 284,000 applications now pending. Photo: Photo: K. Y. Cheng
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Richard Wong

Richard Wong

Richard Wong Yue-chim is the Philip Wong Kennedy Wong Professor in Political Economy at the University of Hong Kong