Hong Kong chief executive pledges more land for low-income housing

Hong Kong

HONG KONG chief executive Leung Chun-ying pledged to provide more land to build apartments for low-income people in a bid to lower housing prices in the world's least-affordable city.

Only a small portion of Hong Kong's 11 million square kilometres of land has been developed, and is the reason housing is expensive and land supply is short, Mr Leung said on Friday at a banquet hosted by the Bauhinia Foundation Research Centre think tank, according to a statement on the government's website.