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In Depth: What’s Stopping Hong Kong From Fixing Its Housing Crisis?

2021年06月24日 19:32 来源于 财新网
Although the city’s government has long promised to address a chronic shortage of homes, bureaucracy and the sway of special interests block action
Hong Kong has topped the global list of most expensive housing markets for 11 consecutive years. Photo: VCG

In the face of daunting economic struggles, the world’s priciest property market just keeps getting more expensive. 

Hong Kong, home to 7.5 million people, has the world’s least affordable housing market with the average price for commercial housing hovering around HK$200,000 ($25,764.50) per square meter. Meanwhile, the average waiting time for subsidized public housing has climbed to 5.8 years. 

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