Public housing in Hong Kong

rdf:langString Public housing in Hong Kong

rdf:langString Public housing in Hong Kong is a set of mass housing programmes through which the Government of Hong Kong provides affordable housing for lower-income residents. It is a major component of housing in Hong Kong, with nearly half of the population now residing in some form of public housing. The public housing policy dates to 1954, after a fire in Shek Kip Mei destroyed thousands of shanty homes and prompted the government to begin constructing homes for the poor. Public housing is mainly built by the Hong Kong Housing Authority and the Hong Kong Housing Society. Rents and prices are significantly lower than those for private housing and are heavily subsidised by the government, with revenues partially recovered from sources such as rents and charges collected from car parks and shops within or near the residences. Many public housing estates are built in the new towns of the New Territories, but urban expansion has left some older estates deep in central urban areas. They are found in every district of Hong Kong except in Wan Chai District. The vast majority of public housing are provided in high-rise buildings, and recent blocks usually comprise 40 or more storeys. The government has in recent years begun to prioritise economic benefit rather than meeting the demand of citizens. This has led to many citizens who are unable to afford private housing to seek accommodation in subdivided flats and bedspace apartments. As at end-September 2020, there were about 156 400 general applications for PRH, and about 103 600 non-elderly one-person applications under the Quota and Points System. The average waiting time for general applicants was 5.6 years. As of July 2021, the average waiting time had increased to 5.8 years, the longest average waiting time in more than 20 years, with more than 253,000 applicants on the waiting list. Frank Chan, Secretary for Transport and Housing, said that it might take up to 20 years to substantially reduce the waiting time.