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Hong Kong floats land premium offer to boost interest in 2 large sites

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Hong Kong housing

Hong Kong’s housing crisis

News

Hong Kong

Hong Kong’s housing crisis: soaring prices put flats beyond reach, while queue to rent keeps growing longer

Illustration: Kevin Wong

WONG Ng, living in a 120 square feet subdivided for four people at Tsuen Wan. 26JUL21 SCMP/ K. Y. Cheng

Chief Executive Carrie Lam Cheng Yuet-ngor attends Q&A session at Legco Chamber. 15JUL21 Photo: SCMP/ Sam Tsang

View of residential buildings stand illuminated under Lion Rock in Kowloon, Hong Kong. 07MAY20 SCMP / Sun Yeung

HKMAO chief Xia Baolong. HANDOUT PHOTO

Home ownership dream slips beyond the grasp of Hongkongers priced out of private property market, while poor families wait years for public rental flats.


Hong Kong’s housing crisis long blamed on land shortage, but are other factors at play?

Illustration: Kakuen Lau

General view of Fanling Sheung Shui Town lot No. 278, KWU TUNG. 22JUL21. SCMP / May Tse

Close up of the MTR logo at the West Kowloon railway station for the Guangzhou–Shenzhen–Hong Kong Express Rail Link, photographed in West Kowloon. 13AUG18 SCMP / Felix Wong

Liber Research Community members Chan Kim-ching at a briefing of their report on brownfields in Wan Chai. 19DEC18 SCMP/ Xiaomei Chen

Aerial view of CK Asset Holdings "Sea to Sky" residential development project in Lohas Park, Tseung Kwan O. 10JUN20 SCMP / Sun Yeung

Lawrence Poon Wing-cheung. Photo: Handout

Project delays, focus on luxury flats by city’s rail giant, which is allowed to develop land above and around stations, have caused concern.


Hong Kong’s housing crisis: how much of the blame for homes crunch lies with city’s property developers?

Illustration: Perry Tse

Private residential development Horizon by Billion Development and Project Management, at Pak Shek Kok. 23APR19 SCMP/Martin Chan

graphic for online Hong Kong wetland owned by companies linked to big developers* Wetland Conservation Area Wetland Buffer Area Farmland owned by companies linked to Henderson Land (176 ha) Fa mland owned by companies linked to Sun Hung Kai (89ha) Farmland owned by companies linked to CK Asset (80 ha) Farmland owned by companies linked to New World (53 ha) Tin Shui wai SHENZHEN Mai Po Ikm Source: iber Research Community Yuen Long *Other plots are owned by the government, other companies and individuals Kwu Tung San Tin NEW TERRITORIES SCMP

Private residential development Ontolo (Yellow) under construction at Pak Shek Kok. 23APR19 SCMP/Martin Chan

Donald CHOI Wun-hing, Chief Executive Officer of Chinachem Group in his office at Tsuen Wan. 20JUL21 SCMP/ K. Y. Cheng

United front...The throng of indigenous residents from twenty-seven New Territories and islands villages marched between Wan Chai and Central, protesting against the Government's plans to change their centuries-old rural inheritance laws, which suggested giving female villagers rights to inherit land. Pictured here are the protesters raising banners and shouting slogans, including "Against the British Hong Kong Government" and "Against ruining our villages and destroying our families".

Sale of 295 flats at Centra Horizon in Tai Po's Pak Shek Kok by Billion Development and Project Management on Saturday, the first batch on price list for the Horizon series after the REDA reached a consensus to sell at least 20 per cent of mass home projects at fixed prices instead of all for tender. 27APR19 SCMP/ Jonathan Wong

Adam Kwok Kai-fai, Executive Director of Sun Hung Kai Properties, at Alva Hotel by Royal in Sha Tin. 13DEC19 SCMP / Xiaomei Chen

In a city facing a housing crisis where demand hugely outstrips supply, thousands of completed flats remain unsold in Tai Po.


In this three-part series, the Post examines why demand outstrips supply, leaving Hongkongers unable to afford their own homes; the city’s land supply crunch, and more.


Series

Hong Kong’s housing crisis

In this three-part series, the Post examines why demand outstrips supply, leaving Hongkongers unable to afford their own homes; the city’s land supply crunch, and more.

‘It’s sad for Hongkongers’: why many can’t afford their own homes

Home ownership dream slips beyond the grasp of Hongkongers priced out of private property market, while poor families wait years for public rental flats.

Hong Kong housing crisis long blamed on land shortage, but are other factors at play?

Project delays, focus on luxury flats by city’s rail giant, which is allowed to develop land above and around stations, have caused concern.

Who is to blame for Hong Kong’s housing woes: developers or the government?

In a city facing a housing crisis where demand hugely outstrips supply, thousands of completed flats remain unsold in Tai Po.