Opinion | Developers must answer John Lee’s call for private subsidised housing
- The pilot scheme for private developers to build subsidised housing, which comes after New World Development’s proposal, is a chance for more businesses to come forward to fulfil their corporate social responsibility
![Flats under construction, with Lion Rock in the background, on October 11. Photo: Dickson Lee](https://cdn.i-scmp.com/sites/default/files/styles/1020x680/public/d8/images/canvas/2022/10/25/be2d5b28-e471-4fb3-b828-9fe9bf63ed9f_c7c94b73.jpg?itok=ocBelpDc&v=1666687951)
As the Hong Kong government begins a new chapter in its quest to provide affordable housing, many young families may have cause to be hopeful that their home ownership dreams will soon come true – with a helping hand from the private sector.
The pilot scheme – which involves the government putting up three sites for tender to build subsidised housing and opportunities for property developers to rezone their private land for subsidised housing projects – is a much-appreciated gesture in enhancing public-private partnership to shore up the shortfall in subsidised flats.
Under this innovative proposal, those eligible for public subsidised housing can buy New World flats through a special financial arrangement, benefiting from ultra-low down payments and flexible instalments spread over decades.
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