More Than 200 Applicants Chase 76 Transitional Homes

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-07-27 HKT 15:08

Share this story

facebook

  • More than 200 applicants chase 76 transitional homes

An NGO said on Wednesday that the number of applications for its new transitional flats is almost triple the number available, illustrating the seriousness of Hong Kong's housing shortage.

Lok Kwan Social Service has so far received 204 applications for its two projects in Ho Man Tin which will have 76 flats. The application period ends on July 29.

The projects are subsidised by the government and are expected to be completed in the third and fourth quarter of this year.

Stanley Ng, chairman of the organisation, said the government's main goal should be to provide public flats faster.

"It's good for the government to build transitional housing, but the most important thing to solve housing problems is to speed up land development and building flats. The government should try its best to reach its aim of reducing the waiting time to three years," he said.

The average wait for a public housing flat now stands at 6.1 years.

Ng suggested that the government can renovate old buildings and turn them into transitional flats as it is more efficient than building new ones.

RECENT NEWS

Fraud & AML In Asia: What Banks Need To Know In 2026

Fraud and AML in Asia have shifted over the past year. Alongside the system-level attacks that continue, panellists poi... Read more

Hong Kongs Total AUM Hits Record HK$42.2 Trillion In 2025

According to the Securities and Futures Commission (SFC), Hong Kong’s total assets under management (AUM) reached a r... Read more

Hyundai Card Leverages Apple Pay To Target Gen Z Users

Hyundai Card launched six new debit and hybrid cards tailored to Apple Pay users in April. The South Korean issuer is t... Read more

DBS And Samsung Securities Partner For Global Wealth Expansion

DBS has signed a MoU with South Korea’s Samsung Securities to establish a strategic partnership in wealth management.... Read more

RedotPay Selects OpenPayd For Treasury Operations And Global Remittances

RedotPay has selected OpenPayd to enhance its treasury operations and cross-border remittance services. The company wil... Read more

JCB Rolls Out Contactless Transit Payments Across Taipei Metro

JCB has rolled out contactless payment acceptance on the Taipei Metro. The integration allows cardholders to tap physic... Read more