Innovation in Hong Kong’s low-cost rental housing market may be used alleviate the challenges posed by subdivided housing units and other inadequate housing stock. As of 2022, more than 220,000 individuals were living in inadequate housing. The city has around 110,000 subdivided units (SDUs), which are mostly located in Kowloon. While many individuals and households are queuing up for public rental housing (PRH), the average waiting time is 5.6 years.
In view of that, this technical assistance panel (TAP) aims to identify alternative private-sector solutions at a monthly rental of up to $6,000, intending to shorten the PRH waiting list and provide better-quality living at low cost in the inner city.
This technical assistance panel was sponsored by Hon Kwok Land Investment Company Limited and the ULI Asia Pacific Centre for Housing. The workshop venue sponsor was CBRE. As the organizer of this TAP, ULI Hong Kong convened a panel of volunteers representing disciplines including real estate, urban planning, construction, and hotel operations. Panel members were selected who possess professional expertise relevant to the objectives of this TAP, with a special focus on low-cost rental housing.
Our report is available in English and Chinese and can be downloaded below:
English version: Executive Summary_ENG
Chinese version: Coming soon!
ULI Hong Kong thanks our members for their contributions:
David Faulkner, President, ULI Asia Pacific Hong Kong
Margaret Brooke, Chief Executive Officer, Professional Property Services Limited Hong Kong
Ryan Ip, Vice President and Co-Head of Research, Our Hong Kong Foundation Hong Kong
Eli Konvitz, Expert in sustainable urban development Hong Kong
Christopher Law, Founding Director, The Oval Partnership Hong Kong
Edward Law, Managing Director, CTL Group Hong Kong
Kristine Li, Senior Deputy General Manager, Portfolio Leasing, Henderson Land Development Company Limited Hong Kong
Michele Lui Wing Chi, Manager (Business Development), Hip Hing Construction Co. Ltd. Hong Kong
Please stay tuned for more information and contact [email protected] if you have any enquiries.
Thank You to Our Sponsor
Thank You to Our Venue Sponsor