Are young Hongkongers choosing to pursue public rental flats over their dreams?
- Officials caution against ‘lying flat’, but young people point to severe shortage of housing choices
Hongkonger John Chan* was 18 and still in secondary school when he put his name down for a public rental flat, knowing there would be a long wait.
He had just become eligible, there was no cost in applying and he was tired of being squeezed in the family home with six others.
Now 30, a graduate and working for a social enterprise, he is still waiting for a flat. He said if there was a danger that his income would make him ineligible, he would quit to stay in the queue.
Chan is among a group of young Hongkongers for whom scoring a public rental flat beats trying to rent or buy anything else in one of the world’s most expensive housing markets.
By applying early, they get a head start in the public housing queue. They also meet the income criteria of HK$12,940 (US$1,660) for a single applicant or HK$19,730 for a two-person household. It is legal too.