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

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.