Increasing land supply will not be enough to solve Hong Kong’s housing crisis if more subsidised flats are not built, experts said on Monday as construction work began on a major reclamation project to create space for nearly 50,000 homes.
The call for more affordable housing came as the city’s finance minister attended a ceremony to break ground on the HK$20.5 billion (US$2.62 billion) project to reclaim 130 hectares off the northern coast of Lantau Island.
The first...
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