The Housing Authority policy of building public rental flats with the proceeds of subsidised homes built for sale is "no longer applicable", Professor Anthony Cheung Bing-leung said yesterday. Photo: Dickson Lee
The Housing Authority policy of building public rental flats with the proceeds of subsidised homes built for sale is "no longer applicable", Professor Anthony Cheung Bing-leung said yesterday. Photo: Dickson Lee
Hong Kong

Public-flat funding 'no longer works'

Housing Authority can no longer raise enough money from selling subsidised flats to build more homes for rental, minister admits

FANNY WF FUNG

Updated: 4:48am, 13 Jun, 2014

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The Housing Authority policy of building public rental flats with the proceeds of subsidised homes built for sale is "no longer applicable", Professor Anthony Cheung Bing-leung said yesterday. Photo: Dickson Lee
The Housing Authority policy of building public rental flats with the proceeds of subsidised homes built for sale is "no longer applicable", Professor Anthony Cheung Bing-leung said yesterday. Photo: Dickson Lee
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