Situation here (in Hong Kong) is one of the worst in developed world. Government owns all land and supply is almost nothing. Dispite the reputation of overpopulated city (its true) only ~20% of area is used and only ~8-10% is residential area.
Sadly, general public don't read Economist or at least look at the facts. Govt "subsidies" public housing instead of land supply and ppl seems to complain but not analyze the issue.
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Situation here (in Hong Kong) is one of the worst in developed world. Government owns all land and supply is almost nothing. Dispite the reputation of overpopulated city (its true) only ~20% of area is used and only ~8-10% is residential area.
Sadly, general public don't read Economist or at least look at the facts. Govt "subsidies" public housing instead of land supply and ppl seems to complain but not analyze the issue.