posted on Feb, 10 2013 @ 05:57 AM
This is one of the most fundamental problems with our city, as well as the one that gets the most attention.
Over the past few years, HKers have been speaking of the 'hegemony of the property industry'. Hong Kong's property prices have been soaring since the
handover. Moreover, dishonest business practices of the property industry (such as claiming a flat to be on the - if I remember correctly - fifth
floor when it's actually on the ground floor) have exacerbated the widespread discontent of the property developers. It is even claimed that Li Ka
Shing has the right to decide whether to hoist a typhoon signal.
Although fewer and fewer people can afford to rent private housing, the quantity supplied of public housing is insufficient to satisfy the needs of
HKers. The poorest are forced to live in cage homes, subdivided units, cubicle flats, and other forms of housing that are less than desirable. These
homes are often illegal, but their inhabitants have no other choice. The problem is so serious that Secretary for Development Paul Chan has been
accused of dealing subdivided units last year (which was quickly followed by another accusation of drink-driving).
The current Chief Executive, CY Leung, vowed to ease Hong Kong's housing problems before he became Chief Executive, but many of his promises have been
Thanks for bringing the issue to the attention of ATSers.
edit on 10-2-2013 by diqiushiwojia because: (no reason given)