One Hong Kong developer is offering half-price flats in the world’s most expensive residential market. Others have donated sprawling farmlands for public housing. And the scion of a property empire says it’s time to put the city’s betterment above profits.
Two years after street demonstrations rocked Hong Kong and Chinese authorities pointed a finger of blame at sky-high home prices, the city’s tycoon developers are under pressure to help ease its housing crisis. Asia’s pre-eminent financial hub isn’t just expensive, it’s also one of the world’s most densely populated, squeezing most of its 7.5 million dwellers into tiny flats, or worse into smaller “cage” or “coffin” homes.
https://news.google.com/__i/rss/rd/articles/CBMic2h0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDIxLTEyLTE0L2hvbmcta29uZy1zLXByb3BlcnR5LXR5Y29vbnMtc2FjcmlmaWNlLXByb2ZpdC10by1hcHBlYXNlLWJlaWppbmfSAQA?oc=5
2021-12-14 21:00:00Z
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