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Hong Kong’s Tsang May Unveil Subsidized Housing Plan, HKET Says

June 18 (Bloomberg) -- The Hong Kong government may unveil a plan to resume the construction of subsidized housing after property prices in the city surged, the Hong Kong Economic Times reported, citing people it didn’t identify. Chief Executive Donald Tsang may disclose details of the plan to resume the program known as Home Ownership Scheme in his policy address to the legislature, according to the report.

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To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net

To contact the editor responsible for this story: Malcolm Scott at mscott23@bloomberg.net

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