Hong Kong urged to boost private housing supply as student demand jumps 45%

AI Summary

Hong Kong is being urged to expand private housing supply and coordinate with developers to accommodate rising demand from non-local students. The government now estimates annual student housing demand at 2,310 flats over the next decade, 45% above its previous projection.

Hong Kong authorities are facing calls to increase the proportion of private housing in selected districts and work more closely with developers to expand accommodation for non-local students. The government forecasts annual demand for non-local student housing at 2,310 flats over the next decade, 45 per cent higher than last year’s estimate, according to the latest Long-Term Housing Strategy progress report, released on Monday. The Housing Bureau attributed the projection to an average annual...