Average public housing wait time in Hong Kong rises to 5.6 years

Hong Kong’s average waiting time for a public rental flat rose to 5.6 years as of December, marking an increase for three consecutive quarters, as the Housing Bureau attributed the increase to high demand for flats in urban areas. According to figures announced on Thursday, the latest average waiting time for general applicants – family or elderly households – over the past 12 months was higher than the 5.5 years recorded in September and 5.4 years in June. The figure was 5.3 years, as of March...