Hongkongers apply to buy government-subsidised flats available for sale at three housing estates in Choi Hung and Mui Wo in April 2017. Boosting home ownership levels in Hong Kong is a positive step towards narrowing the wealth gap. Photo: Felix Wong
Opinion
Opinion
Hong Kong doesn’t just need more housing, it must also find more ways to turn renters into owners
- The government’s backing for Lantau Tomorrow, reaffirmed in the budget speech, is a pragmatic solution to increasing the housing supply. At the same time, the home ownership rate must be boosted to give more people a stake in society
Hongkongers apply to buy government-subsidised flats available for sale at three housing estates in Choi Hung and Mui Wo in April 2017. Boosting home ownership levels in Hong Kong is a positive step towards narrowing the wealth gap. Photo: Felix Wong