
Average public housing wait time in Hong Kong rises to 5.6 years

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Hong Kong's average waiting time for public rental flats has risen to 5.6 years as of December, marking an increase for three consecutive quarters due to high demand in urban areas. The average waiting time for general applicants has increased from 5.5 years in September and 5.4 years in June. The government is addressing the housing shortage with a light public housing initiative, aiming to provide 30,000 homes by 2027. Despite fewer applications, public housing allocations have outpaced new applications for two consecutive years, with 20,700 flats allocated last year.
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