Hong Kong’s Housing Authority to boost subsidised flats size, relax resale rules

Hong Kong’s Housing Authority plans to enhance the city’s upward mobility by increasing the size of subsidised flats by 10 per cent after five years and aiming for a quarter of its new supply to feature two-bedroom units in the future. Cleresa Wong Pie-yue, chairwoman of the authority’s subsidised housing committee, said on Thursday that the measures would be introduced following the approval from advisers, who endorsed reducing the resale restriction period for owners to sell their subsidised...