Average Wait For Public Housing Down To 5.6 Years

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-11-23 HKT 21:54

Share this story

facebook

  • The Housing Authority says both the average wait for a public housing flat and the waiting time for elderly single applicants have dropped. Photo: RTHK

    The Housing Authority says both the average wait for a public housing flat and the waiting time for elderly single applicants have dropped. Photo: RTHK

The Housing Authority said on Wednesday that the average wait for a public housing flat as of the end of September had been shortened from six to 5.6 years.

The average waiting time for elderly individual applicants, meanwhile, dropped from 4.1 to 3.9 years.

The authority attributed the improvement to the allocation of more than 10,000 public housing units in the third quarter of this year.

Sze Lai-shan, deputy director of the Society for Community Organisation, said while the news is welcome, it's still not good enough.

"I have been looking forward to the decrease of waiting time. It's good for the people, and that means the supply of public housing is going faster. But of course it's still not good [enough], because 5.6 years is still very long time. I think ideally it should be three years," she said.

The Federation of Public Housing Estates also welcomed the news, but said the average wait is unlikely to drop sharply given the low number of newly built public housing units.

The group added that it hopes officials will divulge more details about the light public housing scheme as soon as possible, such as the selection of sites and timetable for development.

Chief Executive John Lee said in his Policy Address in October that the government's target is to shorten the average waiting time for public housing to 4.5 years in four years.

RECENT NEWS

Tencent Launches TenPay Global Checkout For Weixin Mini Programs In SG, Macau

Tencent has launched TenPay Global Checkout, a new payment solution for Weixin Mini Program merchants operating interna... Read more

Japan Weighs New Rules For Crypto System Providers After Major Hacks

Japan’s Financial Services Agency (FSA) is considering introducing a prior notification system for companies that pro... Read more

Top 15 Fintech Events To Attend In Hong Kong In Q4 2025 Until Q3 2026

Hong Kong stand as one of the most prominent fintech hubs in the world, home to a vibrant community of over 1,200 finte... Read more

Hong Kong Fintech Week X StartmeupHK Festival 2025: United For A Decade Of Innovation And Scaling

The ​Hong Kong Fintech Week x StartmeupHK Festival (HKFW x SMUF) 2025 concluded on 7 November 2025, following a dynam... Read more

HK Expands Digital Asset Drive With Multi-Currency Blockchain Bond Sale

Hong Kong is preparing to market a new series of “digitally native” bonds denominated in multiple currencies, furth... Read more

Hong Kong Fintech Week 2025: Top Highlights And Announcements

At the 2025 edition of Hong Kong Fintech Week, which ran from November 03 to 07, the financial sector, the technology c... Read more