Farewell to sub-divided housing | Advocate to promote private participation in the construction of home ownership housing, the marginal middle class of 3 million yuan can get on the bus?

Recently, government officials, real estate developers, and political parties have put forward different housing development plans. Xia Baolong, director of the Hong Kong and Macau Affairs Office of the State Council, put forward his "farewell to sub-divided housing" expectations. Is it possible to realize?

The DAB held a press conference a few days ago and announced a number of housing policy recommendations. It proposed to pre-sell HOS flats in North New Territories with five-year uncompleted flats. The application qualifications are similar to those of HOS flats, and white form applicants will be given priority.

New Thinking wrote to the Real Estate Developers Association a few days ago, suggesting that the "Private Participation in the Construction of Home Ownership Scheme" be relaunched. The Hong Kong Government can provide a premium discount for the construction of private participatory housing with a high plot ratio.

New Thinking points out that with reference to the recent selling price of Diamond Hill HOS flats, it is estimated that each unit will cost about 1 million yuan in construction. A 400-square-foot two-bedroom unit can be sold for 3 million to 4 million yuan after a 40% discount, which is expected to relieve young people. The mortgage pressure of families and marginal middle class.

Rental posts circulated on the Internet, asking for a monthly rent of $6,800 for a 140-foot subdivided unit in Changsha Bay, which is more suitable for a family of three to live, and it has attracted heated discussions among netizens.

(webpage Screenshot)

In fact, the "Private Participation in the Construction of Home Ownership Scheme" was implemented as early as 1978. Kornhill Garden is the only HOS estate built on top of the MTR station in Hong Kong.

However, since the sale of HOS flats was stopped in 2002, there have been no similar projects.

If you refer to the suggestions of new thinking and use a large area of ​​land in the New Territories for the construction of private housing, it is expected that the flexibility will be higher.

However, if the site is selected in the suburbs of the New Territories, it is necessary to transform the "raw land" into "prepared land" and complete infrastructure facilities.

Guo Jihui, vice president of the Land Development Association, said that when there are agricultural land, brownfields, and ancestral halls for development, priority should be given to them; and he emphasized that no matter short, medium or long-term, as long as it can solve the land problem, it should be considered.

President Xi Jinping once pointed out that "housing and other livelihood issues are more prominent" in Hong Kong; the SAR government should learn from the pain, lead housing reforms, and regain the right to speak on land.

Many people from all walks of life have put forward many suggestions to increase the supply of land and housing. The government should make decisions as soon as possible and speed up the implementation of feasible plans. What are the difficulties of many land development plans?

Which ones can be advanced immediately?

The ViuTV program "Nano No Open Fire" interviewed a couple living in a 100-foot subdivided room. The unit was so small that it could only have a double bed.

(Screenshot of "Nano No Open Fire" TV)

For details, please read the 284th "Hong Kong 01" Electronic Weekly Newsletter (September 27, 2021) "