Long and short-term subsidised public rental housing wait falls below 5 years

Wait for general applicants for subsidised public rental housing in Hong Kong falls to 4.7 years, while standard public rental housing remains at 5.6 years The average waiting time for long and short-term general applicants for subsidised public rental housing in Hong Kong had fallen to 4.7 years as of March, authorities said, marking the first time it has dropped below five years under the current administration. Despite the decrease in the “composite figure”, which included light public flats, the average waiting time for a standard public rental home remained unchanged at 5.6 years, according to data released on Thursday. The Housing Bureau said it expected the queue for standard public homes to shorten eventually as a new wave of flats would be completed in the Northern Metropolis. The megaproject aims to transform 30,000 hectares of land near the mainland Chinese border into an engine for economic growth and a major housing hub. “The bureau noted that the composite waiting time had dropped to 4.7 years, a decrease of 0.4 years from the previous quarter,” it said.

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