Home Ownership: Guide to Buying Public Domestic Housing In Hong Kong Public housing in Hong Kong is a popular choice for many residents. It is not a secret that the real estate market in this region is one of the most expensive the world. Even if you have a stable job and a great compensation, the cost of private housing is too great for the average resident. Many do not have many housing choices because they may not have high-paying jobs. With the rising cost of living and the dwindling liveable space in Hong Kong, the government had to take steps to keep squatters from exploding within the city. Not only are they an eyesore, but there are those who take advantage of these poor people who are getting desperate to find a place to live in. The high demand for decent living space is the reason why people are clamouring to have a part of the public housing program in Hong Kong. According to the data from CityLab.com, 30% of the Hong Kong population live in public rental housing. Some of them are hoping to get approval so they can buy one of these homes. They can […]
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