Hong Kong: Transitional Housing. Housing the Transitioned

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Valerie Thompson
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1 REHDA Institute Housing Conference 2018: Housing in an era of change: a new direction Hong Kong: Transitional Housing. Housing the Transitioned Paul CHU Hoi Shan_

2 Hong Kong: Facts and Trends

3 Ref: Internet Sources

4 Ref: Internet Sources

5 Ref: Planning Dept, HKSAR

6 Ref: Google Earth

7 Ref: MingPao Weekly

8 Ref: MingPao Weekly

9 Ref: Internet Sources

10 Ref: Dr Stan Lai (CHC, HK) & SD Magazine (Japan)

11 Refhttps:// om/cost-ofliving/country_result. jsp?country=hong+ Kong

12 Refhttps:// om/cost-ofliving/country_result. jsp?country=hong+ Kong

13 Percentage of how much a Hong Konger spend per month Ref: Apple Daily, Oriental Daily, HK &

14 HK is a wealthy place. With the highest concentration of millionaires in Asia, it is awash with luxury malls and sports cars. Yet the city lacks a proper social safety net, is home to the widest rich-poor gap in the developed world and has a minimum wage of just HK$30 (US$3.87 or 2.40 as of May 2013). Ref:

15 Ref:

16 SCMP 23 Jan 2017 Hong Kong s apartments cost 18.1 times gross annual median income in the third quarter of 2016, according to the Demographia International Housing Affordability Survey s study of 406 cities around the world. That s a slight improvement from the 2015 study, which stood at a record 19 times income, according to Demographia. This improvement is a positive development, according to USbased Demographia. However, much greater improvement in housing affordability is needed. SCMP 25 Jan 2016 Hong Kong has ranked as the least affordable city to buy a home globally, with average flat prices at 19 times gross annual median income, the highest ever measured in the US- based Demographia s survey in the past 11 years. Hong Kong is the sole Chinese city to be included in the study, which classifies any region with a median multiple exceeding 5.1 as severely unaffordable. The city has maintained that dubious honour since at least 2010, when its media multiple was 11.4 times. Ref: SCMP, HK

17 Ref: Centaline, HK

18 Ref:

Private Housing Starter Homes (initiated in

19 Private Housing Starter Homes (initiated in 2017; implementation TBC) Home Ownership Scheme Green Form Subsidized Home Ownership Scheme (from 2015) Public Housing (mostly rental) SUBDIVIDED UNITS, ROOFTOPS, FACTORIES, STREET SLEEPERS Ref: Apple Daily, Oriental Daily, HK

20 Transitional Housing for Youngsters

According to the Census and Statistics Department the median individual income of Hong Kong in 2016 was HK$15,500 per month. If you make more than HK$30,000, you are in the top 20%.

21 According to the Census and Statistics Department the median individual income of Hong Kong in 2016 was HK$15,500 per month. If you make more than HK$30,000, you are in the top 20%. 14% of local workers earned more than HK$40,000 and top earners with monthly salary of HK$60,000 or more account for 6.8% of the working population. In 2015, the average income of graduates from the eight government-funded universities ranged from HK$13,400 to HK$21,900. This means a number of university graduates already exceed the median income on their first job. In terms of family income, the top 30% earn HK$40,000 per month. In contrast, the top 10% of Hong Kong s richest families made more than a million per year. How much Hongkongers made in 2016 Ref: Census and Statistics Dept 2016 Population By-census,

22 As at end-june 2018, there were about general applications for PRH, and about non-elderly one-person applications under the Quota and Points System. The average waiting time for general applicants was 5.3 years. Among them, the average waiting time for elderly one-person applicants was 2.9 years. Hong Kong s housing shortage has forced more than 210,000 residents to live in subdivided flats where cramped spaces and squalid conditions are common. Officials have admitted they will not meet their target of building 280,000 public flats by 2027, leading to an expected shortfall of 43,000. Ref:

23 Ref:

24 Ref: Housing Department, HK

25 Ref: Housing Department, HK

26 Ref: SCMP, HK

27 Ref: graphic by Alberto Cervantes, SCMP, HK

28 Ref:

29 Ref: SCMP, HK

30 Ref:

31 Ref: Centaline, HK

32 Transitional Housing for Marginal Groups

33 Ref: Buildings Deptt (HK), Wall Street Journal Report

the estimated number of subdivided flats

34 Over 200,000 people live in subdivided flats, according to the results of Hong Kong s 2016 population by-census. The Census and Statistics Department said the estimated number of subdivided flats was around 92,700. Around 209,700 people reside in such households. Ref: Photography by Benny Lam & Society for Community Organisation

35 Ref: Apple Dailly

36 Ref: Victor CHU (CHC, HK)

37 Ref: Photography by Paul CHU

38 Ping Lai Path

40 Ref: drawing by Paul CHU

41 Ref: Photography by Paul CHU

42 Ref: Photography by Paul CHU

43 Ref: Photography by Paul CHU

44 Ref: Photography by Paul CHU

45 Ref: Photography by Paul CHU

46 Ref: Photography by Paul CHU

47 Ref: drawing by Paul CHU

48 Ref: drawing by Paul CHU

49 Ref: Photography by Paul CHU

50 Ref: SKHLMLH Centre, HK

51 Ref: Photography by Paul CHU

52 Ref: SKHLMLH Centre

53 活化. 葵涌 53 Ref: SKHLMLH Centre

54 Ref: Photography by Paul CHU

55 Ref: Photography by Paul CHU

56 Ref: Photography by Paul CHU

57 Ref: Photography by Paul CHU

58 Ref: SKHLMLH Centre

59 活化. 葵涌 Ref: SKHLMLH Centre

60 60 Ref: SKHLMLH Centre

HK Monetary Policy and Housing Affordability

Workshop on Social Model, PolyU Hong Kong 29 Nov 2013 HK Monetary Policy and Housing Affordability by Dr Edward CY Yiu Associate Professor Dept of Geography and Resource Management, Chinese University