Make home ownership a 5-year plan goal, Legco president says
Hong Kong authorities should make raising home ownership a goal of the city’s first five-year plan, Legislative Council president Starry Lee Wai-king has said, following a visit to a public estate with the housing minister. Lee also said the goal could be achieved by reviving a scheme that allowed public housing tenants to buy their flats and reserving subsidised homes for youth and middle-class…
Legislative Council president Starry Lee Wai-king has called for raising home ownership to be a key objective in Hong Kong's upcoming five-year plan, following an inspection of Oi Man Estate with housing officials. Lee believes a rising home ownership ratio among residents could create a clearer path to homeownership for citizens.
During her visit, Lee supported the government's aim to increase housing supply but suggested additional steps to encourage home ownership. Her proposals include reviving a program that enables public housing tenants to purchase their flats, expanding the supply of subsidised flats, and setting aside a portion of new sales for young people and middle-class families.
Lee shared her recommendations on the first five-year plan and housing policy with Secretary for Housing Winnie Ho Wing-yin. The Legco president observed concerns about estate management, environmental hygiene, facility maintenance and support for the elderly among Oi Man Estate residents. She also addressed future planning for Ma Tau Wai Estate, such as electric vehicle charging infrastructure and smart housing management systems.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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