Make Homeownership a 5 Year Plan Goal, Legco President Says Hong Kong's Legislative Council president, Starry Lee Wai king, has been advocating for making homeownership a priority in the city's first five year plan.
The proposal includes reviving a tenant purchase scheme and reserving subsidized flats for young and middle class families. Homeownership is not a new concept to Hong Kong's housing landscape.
For decades, the city has struggled with unaffordable housing, with prices soaring to astronomical levels that have priced out many locals.