Average Wait For Public Housing Down To 5.6 Years
"); jQuery("#212 h3").html("

"); });
2022-11-23 HKT 21:54
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.
Visa And Lianlian Complete First Live B2B AI Agent Payment Transaction
Visa and Lianlian DigiTech have completed a live business-to-business transaction using an AI agent to automate product... Read more
Shanghai Commercial Bank And Planto To Launch Cross-Bank Analytics For SMEs
Shanghai Commercial Bank (Shacom Bank) has partnered with fintech firm Planto to launch a cross-bank financial analytic... Read more
SFC And SC Malaysia Launch Dual IPO And Cross-Border Fund Framework
The Securities Commission Malaysia (SC) and the Securities and Futures Commission of Hong Kong (SFC) have signed a MoU ... Read more
Kakao Group And Circle Explore Digital Asset Infrastructure In South Korea
Kakao Group has signed a strategic MoU with stablecoin issuer Circle Internet Financial to collaborate on digital asset... Read more
From Key Protection To Operational Governance: HSMs In Digital Assets
Digital asset security used to be treated as a wallet problem. Protect the private key and the asset stays safe; lose i... Read more
Anchorpoint Reportedly Set To Launch HKDAP Stablecoin In July
Anchorpoint Financial is reportedly preparing to launch its regulated Hong Kong Dollar-backed stablecoin, HKDAP, in Jul... Read more
