Learn From Singapore On Housing: Chinachem CEO

The chief executive officer of property development firm, Chinachem, Donald Choi, says the government should consider following the practice of its Singapore counterpart to house 80 percent of the city's population in public flats.

The administration has been increasing the supply of flats in recent years, but property prices remain high.

It's also allocating more land for public housing development, increasing the ratio to seven-to-three - from six-to-four previously.

But speaking to RTHK after appearing on a radio programme, Donald Choi said the private market simply can't solve the housing problem by itself.

He said housing supply couldn't keep up with the demand, making housing less affordable in the SAR.

He said the government had a responsibility to increase the supply of subsidised housing in Hong Kong.

"In Singapore, 80 percent of their population live in government housing, and that is a model that I think (is) worthwhile for us to consider," Choi said.