Hong Kong to Increase Public House Supply

March 2, 2018

 

 

 

Hong Kong finance chief Paul Chan says Hong Kong will significantly increase the public housing unit supply in the coming years, he estimates that 100,000 public housing units would be built in the next five years. Of these, about 75,000 are public rental housing units and about 25,000 are subsidized sale flats.

 

As for private housing, based on the preliminary estimates, the private sector will, on average, complete about 20,800 residential units annually in the next five years, representing an increase of about 50 percent over the past five years, he says.

 

 -  Staff Writer APMR News

Article published on : 2018 March 3,  7:45 pm GMT+800

Article last updated : 2018  March 3, 10:55 pm GMT +800

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