Hong Kong unveils plans for temporary apartments

The government has chosen eight land plots to build about 30,000 units of so-called “light public housing” over the next five years, said Housing Secretary Winnie Ho. — Reuters

HONG KONG: Hong Kong plans to spend about US$3.32bil (RM14bil) on temporary apartments to help reduce the wait times for public housing in one of the world’s most expensive real estate markets.

The government has chosen eight land plots to build about 30,000 units of so-called “light public housing” over the next five years, said Housing Secretary Winnie Ho.