A man and a woman look out on residential buildings at Kai Ching Estate in Kai Tak. Hong Kong’s “housing ladder” allowing young adults to start with public housing and work towards homeownership has broken, thanks to out-of-control rent increases and especially high down-payment requirements. Photo: Felix Wong
A man and a woman look out on residential buildings at Kai Ching Estate in Kai Tak. Hong Kong’s “housing ladder” allowing young adults to start with public housing and work towards homeownership has broken, thanks to out-of-control rent increases and especially high down-payment requirements. Photo: Felix Wong