Ryan Ip Man-ki (first from right) Previous NextHong Kong think tank Our Hong Kong Foundation (OHKF) released its latest forecast of the private and public housing supply and anticipates that the city's housing supply will enter a phase of abundance in the next five years. With the drop in the percentage of delayed public housing completions and the construction of Light Public Housing units also progressing to plan, the think tank anticipated the waiting time for public housing could be shortened from the current 5.8 years to 4.5 years in the 2026/27 fiscal year. OHKF expected the completion of public housing units will exceed the LTHS target by 33 percent in the next ten years. This includes increasing the per capita area of public housing units and raising the proportion of subsidized sale flats. Ryan Ip Man-ki, the vice president cum co-head of Public Policy Institute of Research at the Foundation, recommended raising the proportion of subsidized sale flats from the current ratio of public housing, subsidized sale flats, and private housing of 5:2:3 to a 3:4:3 for the next decade, meaning 30 percent public housing, 40 percent subsidized sale flats, and 30 percent private housing.

Source: The Standard May 02, 2024 10:34 UTC