14.11.2012 - China: The housing blues
Hong Kong faces a critical housing shortage, exacerbated by rising property prices out of reach of most citizens, and rents following suit. The government is devising a long term housing strategy (LTHS), aimed at ensuring optimal use of existing land and housing resources, in the hope of solving this problem in the near, medium and long term. After collecting the relevant data, it will project demand for both public and private housing to meet the needs of various groups. Joseph Li has spoken to people familiar with housing issues, including the LTHS Steering Committee members Eddie Hui, PC Lau and Wong Kwun to share their insights...............................................Full Article: Source
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