Legco President Starry Lee Proposes Raising Home Ownership Ratio
Quick Look
Legco president Starry Lee proposed raising Hong Kong's home ownership ratio by reviving a public housing tenant flat-buying scheme and reserving subsidised homes for youth and middle-class families.
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Why It Matters
Starry Lee inspected Oi Man Estate in Ho Man Tin alongside Housing Bureau and Housing Department staff on Monday.
Lee also said the goal could be achieved by reviving a scheme that allowed public housing tenants to buy their flats and reserving subsidised homes for youth and middle-class families.
She made the remarks after inspecting Oi Man Estate in Ho Man Tin with Housing Bureau and Housing Department staff on Monday.
“I suggest gradually raising the home ownership ratio among local residents as a mid-to-long-term policy goal. This would build a clearer housing ladder for citizens,” she said in a Facebook post after the inspection with Secretary for Housing Winnie Ho Wing-yin.
Lee said she had presented her recommendations on the city’s first five-year plan and housing policy to Ho during the visit.
While the Legco president said she agreed with the government’s direction of continuously increasing housing supply, she proposed additional measures to boost home ownership.
Open Questions
- Will the government adopt the proposed home ownership scheme?
- When might the proposed five-year plan be implemented?
