Hong Kong has seen a notable decrease in waiting times for subsidized public rental housing, with the average now at 4.7 years. This marks a significant shift in the city's housing system.

Hong Kong’s public housing conversation is often dominated by a single anxious question: how long do you have to wait for a home? Today, the answer is starting to change. The average waiting time for a general applicant for subsidised public rental housing has fallen to 4.7 years, a shift that feels small on paper but enormous for the families living it. The real transformation runs deeper than that headline figure. We have moved from a system that was playing catch-up to one that is steadily...