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
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
Richard Wong
Opinion

Opinion

The View by Richard Wong

Sell off public housing at affordable prices to help Hongkongers achieve their home-ownership dream

Richard Wong says allowing public housing to dominate in Hong Kong has a detrimental effect on economic prosperity, social cohesion and political inclusiveness and should not be our ultimate goal

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
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
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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