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A land plot for light public housing in the Kai Tak area of Hong Kong.
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Spurred by Beijing officials, Hong Kong plans to spend $3.3 billion over the next five years to build 30,000 temporary apartments for the city’s poorest. These “light public housing” units will range from 140 square feet to roughly 330 square feet, and will feature modular construction for speed.
It’s a temporary fix to the city’s chronic housing crisis, intent on giving residents an option to move out of cramped quarters while waiting for permanent public housing — which can take more than five years. But critics say the project is inefficient and costly, and underscores the government’s inability to deliver enough permanent homes in the world’s most expensive real-estate market. Today on CityLab: Hong Kong Steps Up Efforts to Fix Housing Crisis After Xi Push
CityLab Daily: Hong Kong's Temporary Fix to Its Housing Crisis – Bloomberg
