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Hong Kong aims to tackle its land value problem with a new housing approach
SCMP Economy writes that Hong Kong’s government set a bold housing target in 1997, when Tung Chee-hwa announced a plan to produce at least 85,000 flats each year across public and private sectors.
The outlet says the policy goal was to raise the home ownership rate to 70 per cent, using an approach centered on building more homes to improve affordability and expand ownership.
The provided summary cuts off mid-sentence, so no further details of the newer solution or its current parameters are included in the material here.
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