Posts Tagged ‘property’
The three-story “ding” houses are a familiar sight in the New Territories. Male indigenous villagers are granted the right to build these residences for self-use under the decades-old small house policy. But with soaring property prices and limited land available for development in crowded Hong Kong, critics are asking how sustainable are ding rights?
Hong Kong consistently tops lists of the world’s most expensive city for accommodation. The cost of land and property fuels rising rents, and prices for goods and services and despite various market-cooling measures rolled out by the government, many people remain priced out of the market.
Reporters: Katherine Chan, Samuel Chan, Edith Liu, Beverly Yau Before bulldozers moved in to demolish the tong lau or Chinese tenement buildings built in the post-war period in Wing Lee Street and Lee Tung Street, the affected residents put up a fight against redevelopment. Their cause won the sympathy of many Hong Kongers. This is […]