https://www.scmp.com/rss/521094/feed Alex Ngau is an assistant researcher at Citizen Action Design Lab, with a focus on addressing Hong Kong’s housing issues and promoting inclusivity. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Hong Kong’s public finances are crumbling. For decades, the city’s fiscal health relied heavily on land sales. Between 2012 and 2022, land sales contributed an average of 14 per cent of government revenue. However, in 2024-25, land sales plunged to just 1 per cent of revenue, or about HK$6.6 billion (US$848 million), a stark contrast to the average of HK$77.9 billion for the preceding decade. At the same time, stamp duty revenues have also fallen off. A revival of these revenues is unlikely in... https://www.scmp.com/opinion/hong-kong-opinion/article/3304862/how-hong-kong-can-reimagine-its-greatest-asset-peoples-homes?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3304862/how-hong-kong-can-reimagine-its-greatest-asset-peoples-homes?utm_source=rss_feed Fri, 04 Apr 2025 21:30:09 +0000