What housing problem is Hong Kong facing?

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​1. Expensive private housing

3.1 U2 Ch.3 | Housing Problem in Hong Kong

​Hong Kong has topped the table as the world’s most expensive housing marketing for several straight years.

3.1 U2 Ch.3 | Housing Problem in Hong Kong

An average Hong Kong family needs to save without spending for 20.9 years to be able to buy private housing. This is far more than other families in other places.

3.1 U2 Ch.3 | Housing Problem in Hong Kong

Book P. 28

3.1 U2 Ch.3 | Housing Problem in Hong Kong

Recently, there are smaller private housing that are slightly lower in price.

​2. Not enough public housing

3.1 U2 Ch.3 | Housing Problem in Hong Kong

​People who can't buy flats may rent one instead. These are some of the choices.

Among the three choices, public housing is the cheapest.

3.1 U2 Ch.3 | Housing Problem in Hong Kong

However, the waiting time for public housing has increased from three years to more than five years.

3.1 U2 Ch.3 | Housing Problem in Hong Kong

As there are not enough public housing, families who cannot pay a high rent need to live in subdivided flats.

Subdivided flats are flats made from bigger private housing flats.

​3. Small living area

3.1 U2 Ch.3 | Housing Problem in Hong Kong

In Hong Kong, the average living area is far smaller than other developed areas such as Singapore (30 m²).

3.1 U2 Ch.3 | Housing Problem in Hong Kong

Book P. 28

1. Expensive private housing

​2. Not enough public housing

3. Small living area

Conclusion | Housing Problem in Hong Kong