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Hong Kong plans 12,600 public flats at ex-airport site

29 10 1
10.01.2019

HONG KONG’S government is looking to provide 12,600 public housing flats at a former airport sight by 2026 in its bid to address home ownership issues among its citizens living in one of the world’s most expensive property markets.

Under the plan, the government is looking to hold on to seven sites in the Kai Tak Development area to turn them into public housing facilities instead of selling them off to private developers.

In recent months, the city’s Chief Executive Carrie Lam has gone on an all-out campaign to boost the affordability of homes in Hong Kong.

SEE ALSO: Hong Kong hotel could become city’s densest housing estate

During her policy address in October, Lam announced the seven sites earmarked........

© Asian Correspondent