Behind the gleaming skyscrapers and multimillion-dollar homes that have made this city the world’s most expensive property market lies a far less attractive parallel reality: one of the world’s seemingly most intractable housing crises.
Welcome to Hong Kong, where the average home sells for well north of a million dollars – and even a parking space can go for close to a million – but where more than 200,000 people face waits of at least half a decade for subsidized public housing.
Source : City with Highest Housing Costs Faces Dilemma of 40,000 Unoccupied Quarantine Units