Residential buildings crowd the Chai Wan landscape. Chief Executive Carrie Lam has proposed a vacancy tax on developers who hoard new flats and subsidies to allow more first-time buyers and low-income households to afford public housing. Photo: EPA-EFE

For now, there’s no shame in Hong Kong being a ‘city of public housing’

Albert Cheng says public housing should be built on a large scale, though the failure of Chief Executive Carrie Lam’s six measures to cool Hong Kong’s housing market highlights the need for the government to follow Singapore in delinking public housing prices from the private market

Topic |   Hong Kong housing

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Residential buildings crowd the Chai Wan landscape. Chief Executive Carrie Lam has proposed a vacancy tax on developers who hoard new flats and subsidies to allow more first-time buyers and low-income households to afford public housing. Photo: EPA-EFE
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