A cylindrical public rental block in Lai Tak Tsuen estate in Tai Hang. Photo: Sam Tsang A cylindrical public rental block in Lai Tak Tsuen estate in Tai Hang. Photo: Sam Tsang
A cylindrical public rental block in Lai Tak Tsuen estate in Tai Hang. Photo: Sam Tsang
Richard Wong
Opinion

Opinion

The View by Richard Wong

To solve a uniquely Hong Kong conundrum, let all public renters buy their flats

  • The Tenants Purchase Scheme has had a curious effect on Hong Kong’s labour market. Renters, instead of homeowners, have higher jobless rates, probably to avoid the penalty for being well-off tenants. Here is one way to fix the problem

A cylindrical public rental block in Lai Tak Tsuen estate in Tai Hang. Photo: Sam Tsang A cylindrical public rental block in Lai Tak Tsuen estate in Tai Hang. Photo: Sam Tsang
A cylindrical public rental block in Lai Tak Tsuen estate in Tai Hang. Photo: Sam Tsang
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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