Hong Kong’s second-largest public housing provider aims to increase subsidized flats in its future projects. This move is intended to meet the strong demand among residents for homeownership.

Hong Kong’s second-biggest public housing provider will gradually expand the supply of its subsidised sale flats, aiming for them to account for 40 per cent of its home supply in future projects. Hong Kong Housing Society chairman Ling Kar-kan said on Saturday the move was to meet residents’ strong desire to own their homes. In a television interview, Ling maintained the change had nothing to do with the agency’s financial soundness, although he agreed putting more flats on sale could help...