The high down payment and high land values have made it extremely difficult for those with modest means to own a home in prosperous Hong Kong. Photo: Felix Wong

How to privatise Hong Kong’s public housing, and satisfy the desire for homeownership 

Richard Wong says people’s aspirations for homeownership can’t be ignored. A plan to let public tenants buy their flats could succeed if the prospective owner has a realistic chance of paying off the loan, and is able to reap the full capital appreciation of the property

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The high down payment and high land values have made it extremely difficult for those with modest means to own a home in prosperous Hong Kong. Photo: Felix Wong
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