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.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more
