Source: SCMP — China Business
Total supply of public housing will reach 196,000 flats over the next five years, government minister says Hong Kong authorities are gauging public feedback on a possible shift in the supply ratio of public rental flats to subsidised sale homes to an even 50:50 split, the housing minister has said. Secretary for Housing Winnie Ho Wing-yin told a planning forum on Saturday that the total supply of public housing would reach 196,000 flats over the next five years. Under measures outlined in Chief Executive John Lee Ka-chiu’s 2024 policy address, the Housing Authority – Hong Kong’s biggest public housing provider – aims to transition its production target from a 70:30 ratio of public rental-to-subsidised sale flats to a 60:40 split. However, Ho said authorities were collecting public feedback to explore whether there was a basis to adjust the ratio further to 50:50. “We previously adopted a 70:30 ratio – 70 per cent public rental housing and 30 per cent subsidised sale flats – as the ratio was used to clear the long waiting queue for public rental housing as quickly as possible,” she said.
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