A record price for a home in Asia was set this month after two apartment units at Mount Nicholson (top right), a luxury housing development on The Peak in Hong Kong, were sold for HK$1.16 billion (US$149 million) to a single buyer. Hong Kong’s skyrocketing housing prices are a result of market distortions and irregularities, particularly in mortgages. Photo: AFP

Why Singapore’s housing model won’t work for home ownership in Hong Kong

Victor Zheng and Roger Luk say public scepticism about the Hong Kong government’s push for home ownership is well founded, as the public and private sectors serve different needs, and should be treated separately

Topic |   Hong Kong housing

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A record price for a home in Asia was set this month after two apartment units at Mount Nicholson (top right), a luxury housing development on The Peak in Hong Kong, were sold for HK$1.16 billion (US$149 million) to a single buyer. Hong Kong’s skyrocketing housing prices are a result of market distortions and irregularities, particularly in mortgages. Photo: AFP
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