Hong Kong must tackle the ‘demoralising impact’ of unaffordable housing

Owning a home has long been an elusive dream for many young people in Hong Kong, but an alarming new study shows how much harder it now is to climb the housing ladder. Authorities should carefully review the research and redouble efforts to reverse the trend before it does more damage to society. The University of Hong Kong Business School study found the proportion of subsidised homeowners aged 30 to 39 had nearly halved to 16 per cent over the past three decades. The “Hong Kong Economic Policy...