Hong Kong families face average wait of 5.8 years for public housing – longest period in more than 20 years

May 11, 2021 | INVESTING

Hong Kong families are facing their longest wait in more than 20 years for a public flat, with an average mark of 5.8 years, the Housing Authority has revealed.The authority attributed the increase in the waiting period in the first quarter of 2021, from 5.7 years previously, to the coronavirus pandemic.In 1999, families had to wait six years for a flat, and the authority said the increase in the figure issued in the final quarter of last year had been caused by a delay in the allocation of…

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