https://www.scmp.com/rss/502364/feed Sebastian Man is chairman and CEO of Chung Mei International Holdings Limited. He was educated at MIT and Harvard Business School. He currently serves as the chairman of the HBS Hong Kong Alumni Association, sits on the board of the MIT Corporation, and is a council member of the Hong Kong University of Science and Technology. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Sebastian Man,Thomas Deng Sebastian Man,Thomas Deng Hong Kong home prices have dropped about 30 per cent from the 2021 peak on the back of a sharp increase in interest rates that has made mortgage payments more expensive and housing less affordable. With home prices expected to fall further, the question is: should the government stop or slow down its land sales? The answer is no: to ensure Hong Kong remains a world-class city where people can live comfortably, it should increase its property supply. Hong Kong’s housing remains among the world’s... https://www.scmp.com/opinion/hong-kong-opinion/article/3315121/despite-property-market-slump-hong-kong-must-increase-housing-supply?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3315121/despite-property-market-slump-hong-kong-must-increase-housing-supply?utm_source=rss_feed Tue, 24 Jun 2025 01:30:07 +0000 Hong Kong is facing an unprecedented crisis since returning to China in 1997, with various studies highlighting housing shortages and stretched affordability as major culprits. Average annual housing supply has fallen from around 71,000 units from 1985-1996 to 43,000 units since 1997. The average living space per person in Hong Kong is 161 sq ft. This compares to 210 sq ft in Tokyo, 270 sq ft in Singapore and 300 sq ft in Shenzhen. Studies have shown that in the 22 years since the handover, the... https://www.scmp.com/comment/opinion/article/3031321/beijing-can-end-hong-kongs-housing-crisis-brokering-deal-land?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3031321/beijing-can-end-hong-kongs-housing-crisis-brokering-deal-land?utm_source=rss_feed Sat, 05 Oct 2019 01:00:04 +0000