The average wait for subsidized public rental housing in Hong Kong has fallen below five years for the first time. However, the wait for standard public rental homes remains unchanged at 5.6 years.

The average waiting time for long and short-term general applicants for subsidised public rental housing in Hong Kong had fallen to 4.7 years as of March, authorities said, marking the first time it has dropped below five years under the current administration. Despite the decrease in the “composite figure”, which included light public flats, the average waiting time for a standard public rental home remained unchanged at 5.6 years, according to data released on Thursday. The Housing Bureau said...