A Puzzling Paradox

“Hong Kong needs to build more flats in the long run to avoid the shortage of housing supplies. Yet, in the short run, the government should implement laws to control the rents, such as not allowing the owner to increase the rents every year and set a limit for it,” Former Legislator Lee Cheuk-yan said. Lee also believes that the shortage of housing supply is the main contributing factor of subdivided flats.