Our Hong Kong Foundation (OHKF) releases its second public policy research report in the area of land and housing. The report recommends that the Government implement the “Subsidised Homeownership Scheme” (SHS) and change the existing mechanism determining the unpaid premium by fixing the amount at the time of purchase, so that households will no longer have to catch up with ever-increasing property prices. The report also examines the malign issues arising from the current public housing policy alongside the urgency and necessity of implementing the SHS. OHKF believes that the proposed Scheme will help grass-roots families purchase their own homes and in the long-term, improve social mobility, alleviate income inequality and inter-generational poverty.

Moreover, the report extends the findings of OHKF’s previous research entitled "From Housing Market Outlook to Land Supply Strategy" published in July. It is proposed that Government should strive to establish a land reserve and to implement the Lantau Development as soon as possible, and calls for greater societal cohesion and consensus to support land development. Land supply involves the interests of the community as a whole. OHKF believes that mere debates and arguments will not help improve the situation. Only by recognising the severity and urgency of the problem of land and housing shortages, and supporting faster land development, can ensure that Hong Kong enjoys a sustainable future.