Dead space 1 elite suit9/18/2023 ![]() ![]() Hong Kong Golf Club is located in Fanling, a town just four kilometres from the city’s border with China. During a visit to the city last year, Chinese President Xi Jinping said “the biggest aspiration of Hong Kong people is to lead a better life, in which they will have more decent housing.” ![]() Many officials pointed to the housing crisis as a major driver of the civil unrest in 2019 and earlier. In 1998, the average wait for a public housing unit was 6.5 years today it is 5.3, with an estimated 130,000 households on the list. ![]() Many poorer residents live in tiny, subdivided flats – less than 75 square feet – and pay upward of US$500 a month.ĭespite consecutive governments promising to tackle the issue, housing and rental costs have been on a near-constant rise for decades, while public housing remains in short supply. ![]() The average rent for a private apartment is US$1,600, or half the median monthly salary. Unlike Singapore, however, where two-thirds of the population live in public housing, just 30 per cent of Hong Kongers do. Even after a 15-per-cent price drop, the result of a lacklustre economy and population exodus in recent years, the median price of an apartment was US$1.16-million in the first half of this year, the second-highest in Asia, behind only Singapore, according to the Urban Land Institute, an international NGO. The average cost of a home is almost 19 times the median household income, according to research by the Urban Reform Institute, a U.S. “It shows that even though the political climate has changed, policy implementation is not without obstacles and the elite do not always co-operate.”īy all measures, housing in Hong Kong is among the most expensive in the world. “He never expected the elite could mobilize so much lobbying effort,” Prof. Simon Yau, a professor of urban studies at Hong Kong’s Lingnan University, said the city’s Chief Executive, John Lee, is “riding a tiger.” A fight over 32 hectares of land at the Hong Kong Golf Club has split the city’s pro- Beijing establishment, seen the government challenged in the courts and media and put officials in the awkward position of aggressively advocating for a plan that everyone agrees will do little to address the wider housing issue. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |