China: Hong Kong to Align its Policies with National Strategies! (21.10.2022)

Determined to tackle deep-seated land and housing issues, Lee called for building 30,000 new public housing units, increasing the city’s public housing supply by about 50 percent in the next five years.

The government will also shorten the waiting time for public housing from six to 4.5 years, and cut the time for turning “primitive land “into “spade-ready sites” by one-third to half, Lee said.

His policy address also announced measures to stimulate the local economy, propel science and technological advancement, drive cultural and art development and better promote Hong Kong’s advantages to the international community.