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
Opinion
Opinion
The View
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