Hong Kong Chief Executive John Lee introduces measures to address the housing crisis, offering 1,500 additional flats for young applicants and reducing wait time by 2026-27.

Hong Kong Chief Executive John Lee has introduced measures to tackle the city's housing crisis, particularly for those under 40. Key initiatives include allocating 1,500 additional public housing flats for young applicants and reducing the average wait time for public housing from 5.5 years to 4.5 years by 2026-2027. The government aims to add around 30,000 public housing units by 2027-2028 and implement a new system for renting and regulating subdivided flats.

October 16, 2024
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