Our Hong Kong Foundation today released our first research report, with focus on Hong Kong land and housing policies. In housing, we advocate that the Government launch a “Subsidized Homeownership Scheme” to utilize public housing resources more efficiently, to enable the underprivileged to become property owners with policy support, and in the long run to share in the wealth brought by Hong Kong’s economic prosperity.

Housing is inseparable from land supply. In the past decade or so, Hong Kong’s reclamation activities had ground to a halt, and there were very few major land development plans. Our Hong Kong Foundation advocates that the public should look at the macro situation and support a multi-pronged strategy to increase land supply — including reclamation. In the long run, Hong Kong must build its own land reserves to meet various economic, social and livelihood needs.