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Hong Kong Announces Housing Reforms As Government Faces 20th Week Of Protests


Added 10-16-19 06:06:03am EST - “After being shouted down by opposition lawmakers, the Hong Kong chief executive announced new public housing projects in the notoriously expensive city.” - Npr.org

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Posted By TheNewsCommenter: From Npr.org: “Hong Kong Announces Housing Reforms As Government Faces 20th Week Of Protests ”. Below is an excerpt from the article.

Donny Chan reads in his apartment, one of a growing number of tiny, upscale units known as "microflats" in Hong Kong. The apartments, dubbed "mosquito-size units" or "gnat flats" in Chinese are drawing online ridicule and underscore worries over the Asian financial hub's overheated real estate market and widening inequality. Kin Cheung/AP hide caption

Donny Chan reads in his apartment, one of a growing number of tiny, upscale units known as "microflats" in Hong Kong. The apartments, dubbed "mosquito-size units" or "gnat flats" in Chinese are drawing online ridicule and underscore worries over the Asian financial hub's overheated real estate market and widening inequality.

Hong Kong Chief Executive Carrie Lam delivered her first policy address Wednesday since pro-democracy protesters took to the city's streets almost five months ago.

The annual policy speech was unusually short and focused on the deep social and economic inequalities that have proliferated in Hong Kong. Lam pledged to provide better welfare policies while making substantial increases in affordable housing.

"Every Hong Kong citizen and his family will no longer have to be troubled by, or preoccupied with, the housing problem, and they will be able to have their own home in Hong Kong, a city in which we all have a share," she announced.

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