Govt Urged To Help Youth Get On Property Ladder

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2018-03-07 HKT 21:22

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  The chairman of the Commission on Youth, Lau Ming-wai. Photo: RTHK

The Commission on Youth has called on the administration to strengthen the ladder for home-ownership to better meet the housing needs of young people.

In a report submitted to the government, the commission said the majority of local youngsters consider home ownership essential, but pointed out that their income levels had fallen behind soaring property prices.

The chairman of the commission, Lau Ming-wai, said while the authorities need to improve the housing ladder, they should also continue to promote the idea of alternative accommodation options.

The Chief Secretary, Matthew Cheung, said the recommendations will be followed up by the Youth Development Commission, which will be formed soon to bolster youth development in the city.