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.
TOPPAN Edge And Partisia Partner For Fully Privacy-Focused Digital Identity Solution
TOPPAN Edge is partnering with Partisia to develop a fully privacy-focused digital identity using Partisia’s Decentr... Read more
Livi Bank Achieves HKD2.9B In Customer Deposit Growth
livi Bank reported a total operating income of HK$220 million in 2024 in its latest annual report results, marking a 76... Read more
OSL And Ant Digital Partner To Drive Real-World Asset Tokenisation
OSL Group (863.HK), a publicly listed company for digital assets, and Ant Digital Technologies signed a Memorandum of U... Read more
WeLab Bank Hits Profit In 2025 With HKD750M Revenue
WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its... Read more
Adoption Of GenAI Rises In Hong Kongs Financial Sector, Though Focus Remains On Internal Operations
In Hong Kong, financial institutions are increasingly adopting generative artificial intelligence (genAI), aiming for e... Read more
HKMA Forms CargoX Expert Panel To Modernise Trade Finance
On 28 April 2025, the Hong Kong Monetary Authority (HKMA) announced the creation of an Expert Panel on Project Cargox. ... Read more