More resources should be put to housing in HK

Everyone needs a place of shelter.  Everyone needs residence.  I think HKSAR government should put more resources to housing.

As Hong Kong is a small place with a huge population, housing problem has plagued HK for a long time.  Many people in the grassroot level cannot afford the high rent.  As an alternative solution, they live in sub-divided flats.  However, sub-divided flats form a miserable, known but ignored world.  Therefore, more public housing estate flats should be built.  In this way, the Government may shorten the waiting time to have public housing flats for the needy people. 

Home Ownership Scheme organized by the HKSAR government has built more houses for the low income families.  The lower prices of the flats is the land cost excluded  by the government.  This will attract the youngsters to buy flats instead of rent flats.  Rate recession for HOS owners should be carried out in order to help them achieve a good life.

Since the purchase price of private residential properties has risen to such a high level nowadays, many Hong Kong citizens cannot afford to buy them.  As the owners may be unable to afford the high rate of mortgage, the HKSAR government should put more resources on it.  HKSAR government should, for example, lend money to these Hong Kong citizens with lower rate interest to buy these private housing flats.

In view of the above programs, I’m confident the housing problem in HK can be solved to a great extent. 

Mary

(230 words)