Hong Kong Has ‘Got it Wrong’ on Public Housing, Developer Says
This article is for subscribers only.
“Somebody’s going to kill me,” Kenneth Ng, a director of Hong Kong developer Wing Tai Properties Ltd., told his audience -- twice -- as he criticized the government’s housing policy.
Ng spoke on a panel Wednesday at the MIPIM Asia Property Leaders’ Summit, a two-day event staged in a city that’s become notorious for being the world’s least affordable when it comes to housing. The authorities have “got it wrong” with how they deal with land above subway stations, he said.