A construction site at Diamond Hill. The city’s biggest provider of public housing expects to record a HK$10.1 billion surplus for the coming financial year. Photo: Dickson Lee
A construction site at Diamond Hill. The city’s biggest provider of public housing expects to record a HK$10.1 billion surplus for the coming financial year. Photo: Dickson Lee

Housing Authority warns cheaper mortgage scheme floated by Hong Kong leader could hurt cash flow in coming years

  • Annual spending on construction to double to more than HK$60 billion or greater in four years, finance committee chair Professor Chan Ka-lok warns
  • Housing Authority will run into trouble if government goes ahead with mortgage plan that would slash payments and monthly instalments for subsidised flats, he says

Topic |   Hong Kong housing
A construction site at Diamond Hill. The city’s biggest provider of public housing expects to record a HK$10.1 billion surplus for the coming financial year. Photo: Dickson Lee
A construction site at Diamond Hill. The city’s biggest provider of public housing expects to record a HK$10.1 billion surplus for the coming financial year. Photo: Dickson Lee
READ FULL ARTICLE